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0 pointsb1124y ago0 comments

If the masses got rich, inflation would set a new baseline. In short, if everyone is rich, no one is ... it's just normal wealth.

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cma4y ago

But due to diminishing marginal utility of wealth, a more flat baseline like this scenario would still make everyone far more rich on average.

Exactly what I was getting at.

b112OP4y ago

Yes, but laying it out can help the point.

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