Money, More Money, and Oh Yeah, Money
The Weekend Leverage, August 3rd
Thomas Piketty argued in his popular book Capital that R > G. Namely, that the rate of return on capital consistently exceeds the economic growth rate. *Cue Karl Marx vigorously nodding.* Over time, this has led to extreme levels of wealth concentration. His formula was in my head this week as we saw extreme contrast in two data points:
In recent earning…
