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Money Is Losing Its Meaning
- sharemywin 7y agoThat's because the bulk of the money doesn't actually flow to the economy. Banks, multinational(cartels) and other rent seekers hoard the money. 1. Banks build their reserves to lend but they don't change lending standards so the money doesn't flow out. 2. multinationals buy stock back to raise stock values up instead of bigger dividends 3. coastal real estates prices just go up and up. 4. educational costs have skyrocket over the decades. Did calculus become more complex?