John Griswold
1 min readMar 13, 2019

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Nice analysis Ben. I would suggest that one of the greatest dangers of wealth inequality is the almost inevitable construction of parallel economies that results; the Main St. economy used by working and middle class Americans and the “investor” shadow economy of concentrated wealth. Clearly the great recession was caused by the latter economy in at least two ways; concentrated capital sought and found a scale of “investment” in bundled mortgage bonds that suited their needs. And when their flood of capital into real estate mortgage bonds depleted both the supply and the quality of this bond market the investor class doubled down on mortgage bond based derivatives, a classic bubble driven by wealth manager needs to find homes for capital and to get in first and then out before the inevitable collapse. Check out my Medium essay Capital Scale if you have time, tell me what you think.

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John Griswold

Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful