A World to Win: Inequality Explosion w/ Max Lawson
Jacobin Radio
00:00
Is Quantitative Easing Driving Up Asset Prices?
Central banks are just pump in money into financial markets like they have not ever before. That's driven up asset prices, and the people who own those assets get richer. Owd: Just because quantitative easing has driven up wealth doesn't mean that raising interest rates is going to reduce it. We must be very, very careful about the kind of leap to fiscal tightening as well. But i do think, you know, there e kind of extraordinary explosion in the assets of those at the top. For me, it makes a very, very strong case for greater taxation of wealth and clawing that money back.
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