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Exactly. If the rich are happy to leave it in a bank account gathering dust, it doesn't affect prices. But when everyone is actively bidding for scarce assets,
by xhkkffbf 6y ago
Exactly. If the rich are happy to leave it in a bank account gathering dust, it doesn't affect prices. But when everyone is actively bidding for scarce assets, we get inflation.
- Tuna-Fish 6y agoRich people don't have tons of money sitting in bank accounts gathering dust.
- reedjosh 6y agoNo, they just have it in gold, stocks, real estate, art, etc... all of which probably doesn't gather much dust--maybe the gold, but if you can afford art, you can probably afford someone to clean it. I also agree that they have debt for that as well. No reason not to use debt to gain real assets when the fiat debt loses value regularly.