Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Were you born with a silver spoon in your mouth sir?
lol
hardly
lol was it hardly stuffed in ?
er...read the book (it looked over many centuries).
It does not give an answer to what is right and what is wrong and/or what is preferable and what it not.
It simply described what happened and when.
To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased between 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now.
To your second statement: yes, there not many instances where the poor move several strata in one generation.
https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+leveler
It does not give an answer to what is right and what is wrong and/or what is preferable and what it not.
It simply described what happened and when.
To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased between 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now.
To your second statement: yes, there not many instances where the poor move several strata in one generation.
https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+leveler
Thanks I'll buy it by the end of the month. Ain't got spare cash to swat a fly atm.
Unless there's an online free / pdf / bootleg version of it somewhere, then you can let me know.
But let's not forget, its just one book from one author - and it is socio-economics, something that is very hard to predict, even when using past data as example.
Think of what happened during the black plague. I remember reading some charts about the economic impact it had on the wealthy vs poor, if I find it I'll stick it here.