Why You Shouldn’t Fret When The Rich Get Richer: The Fixed-Pie Fallacy
Reading Time: 2 minutesFixed Pie Fallacy: The belief that there exists a finite amount of wealth in the world. An increase in the wealth of one party necessitates an equal reduction in another’s. The Fixed Pie Fallacy is one of the most pervasive myths in the world today. We cringe when we hear statements like “the wealthiest 5% of Americans …
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