For those who would like to dig in further, here are the notebooks from the townhall today.

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Came across this research done by the Federal Reserve of San Francisco which provides much more rigor in drawing some of the same conclusions, on a larger time frame and globally : " The Rate of Return on Everything, 1870–2015"

Our research speaks directly to the relationship between r, the rate of return on wealth, and

g, the growth rate of the economy, that figure prominently in the current debate on inequality. A

robust finding in this paper is that r > g: globally, and across most countries, the weighted rate of

return on capital was twice as high as the growth rate in the past 150 years