Horse manure. The rich got massive wealth because Nixon fouled the default then economists lied about it.
Look, r > g:
The blue line is the net interest rate, interest expense divided by total debt.
The red line is real growth. The Swamp has been a loser in this game from 1965 until 2010. Then we got a period of r = g since.
This has been mostly a 40 year battle to get back to normal after the Nixon default. Reagan was no help, little Bush fouled up. Someone has been preaching BS for fifty years.
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