Do the “Rentiers” Actually Gain from Deflation?
July 07, 2011 at 12:52 PM EDT
I don’t know the precise definition of this (French?) term, but I’d like to use Paul Krugman’s definition, as I’ll be commenting on his post: Financial securities are overwhelmingly held by the rich — more than 60 percent by just one percent of the population, more than 98 percent by the top 10 percent. It’s [...]