4 ms·
Anyone claiming money printing helps the poorer part of the population is uninformed or virtue signaling. Money printing transfers wealth overall to the asset
by hfsp 6y ago
Anyone claiming money printing helps the poorer part of the population is uninformed or virtue signaling.
Money printing transfers wealth overall to the asset owning class, not the bottom ~40% of Americans who do not hold assets.
Research from the NY Fed and impact of money printing:
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr959.pdf https://www.newyorkfed.org/medialibrary/media/research/staff...
- neonological 6y agoGood point. Didn't think about it from this perspective. Essentially this applies to UBI as well, which is where I derived my argument.