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by dileeparanawake 307 days ago
Why does wealth inequality drive price inflation? Good question and not obvious. Here's the answer?

How much does a bottle of water cost?

- Supermarket? - Festival? - In a drought, when you're standing in line behind a thirsty billionaire?

People with a large relative net worths, drive asset prices up, like bids in an auction - even if they aren't the final bidder.