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The Paradox of Debt | Richard Vague | TEDxCapeMay

2.4M views · Dec 13, 2023 · Nonprofits & Activism

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Comments · 724

@blakeabel4721 · 1 year ago
Household real estate value increases is just another name for inflation
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@jimashmore5216 · 1 year ago
Debt—>money creation—>inflated asset prices= inability for the median earner to finance the median home. Inflated stock prices without earnings to support them.
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@DonnaQuinn-ic6fr · 2 years ago
Having a bad relationship with debt ruined my life
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@AskYourself12 · 1 year ago
Government spending didn’t push the value up on stocks and real estate. Rather, it pushed the value of the dollar down.
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@genzinvesting8405 · 1 year ago
I’ve never put that together “more debt = more wealth = more inequality”
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@janthms5812 · 2 years ago
That US Balance sheet is mind boggling Richard
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@JourneymanLineman · 1 year ago
All I see in the chart @<a href="https://www.youtube.com/watch?v=wuonrlKefRM&t=150">2:30</a> is oligarchy happening. The people own the debt, the elite own the money. A true timeless classic.
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@zebranator · 1 year ago
Number go up but life harder
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@hugsdibude8710 · 1 year ago
The difference is the distribution. Public debt is owned by everyone equally. Private assets are owned by the very few. This means the rise in the net worth of the few, is financed by the debt of the masses.
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@Jim-10-10 · 10 months ago
This would be a lot more compelling if inflation was discussed in parallel to the government spending and the household income. If increases in government debt devalues the dollar and results in inflation, then the increased household income that follows could be largely nominal. Even if there is an inverse relationship, the gaps may be grossly exaggerated without accounting for inflation.
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@bryan.flores · 1 year ago
Look up the Cantillon Effect
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@philmarsh7723 · 2 years ago
I've long suspected that debt is the culprit to wealth inequality. You just confirmed that!
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