Unequal = Indebted
Food lines during the Great Depression (1930). Kumhof sees similarities between the great depression and the current crisis. (Bettman/CORBIS)
In This Episode
For the last three decades, in many countries, the rich have become ever richer, while the vast majority have seen their incomes stagnate. This increasing income inequality has been coupled with ever greater debt burdens. How did we get to this point? IMF economists believe they have some answers, drawing a link between higher inequality and increased debt.
