Jan 18, 2024
Interest is a tricky problem! Unfortunately over the last decade, with record-low interest rates, richer people were able to borrow more and the gap between rich and poor actually widened. It's a double-edged sword.
There are, and historically have been, regions in which an elected government is in control of the central bank. Most of the time this leads to record-breaking inflation though. There is no easy solution to social inequality!