Wealth and Borrowing
The wealthy, unable to spend their vast incomes, contribute to a "saving glut" that influences borrowing behaviors among the lower-income population. As the rich save more, the financial system sees an increase in debt, particularly among the bottom 90% and governments. This dynamic raises questions about the effectiveness of these savings in fostering productive investments, as the flow of money often facilitates borrowing rather than supporting economic growth.In this clip
From this podcast
Hidden Brain
Buy, Borrow, Steal
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