Reposted by Joe Herbert
The richest 10% own 75% of the world's wealth, and the gap is growing. 📈
In a new blog, @joefherb.bsky.social explains why that's a problem for central banks too: when a few hold most of the wealth, monetary policy tools lose power.👇
positivemoney.org/uk-eu/update...
positivemoney.org
Inequality is a growing crisis - including for central banks
Monetary policy can reduce or worsen inequality. But rising inequality also threatens the transmission of monetary policy, and accordingly, central banks.