drive the economy. Adding wealth dispersion to aggregate risk aversion sufficiently summarizes the rich dynamics of the …

economic theory, the answers is no. The wealth of a society consists of its real assets that produce consumable goods and …Americans now hold over $1 trillion in cryptocurrencies. Has $1 trillion in wealth been created? From the standpoint of … services. Unless a cryptocurrency provides some type of convenience yield how could it create wealth? On the other hand …

from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …