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If almost the entirety of the money ends up, in the medium run, in the hands of a few wealthy people who want to invest, it explains the lack of inflation for e
by hertzrat 6y ago
If almost the entirety of the money ends up, in the medium run, in the hands of a few wealthy people who want to invest, it explains the lack of inflation for everything but investments
- imtringued 6y agoConsider that the money is mostly going to the owners of assets. Assets have the unfortunate property of only giving returns to their owners and most people simply do not own assets so it's an incredibly poor way of introducing money to consumers.