that I've been talking about recently more and more. The first time I've talked about it, but it's been coming back to me because we're in another one of these cycles. The last time we were in one of these cycles was 2008, where there are these, I think you've been writing about this as well. You have these bailouts of the largest corporations, of the preferred interests in the society. And we've had these cycles now a number of times. And I'm curious to hear what your take is on this. I think that what we're really seeing at a top level is that we've seen an accumulation of wealth in a denser proportion of the population, a smaller number of people accumulating more and more of the wealth due to many reasons, regulatory, taxes, technology, globalization. There are lots of factors. And monetary policy has played a role, but it's one of those interesting things where it's also, is it the dog wagging the tail or is it the tail wagging the dog? Because the growth of the wealth gap and the (26/97)
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