4 ms·
It seems intuitive. The government has been printing massive amounts of money, there has been a direct-cash-to-taxpayers program, and material shortages have d
by RickJWagner 6y ago
It seems intuitive. The government has been printing massive amounts of money, there has been a direct-cash-to-taxpayers program, and material shortages have driven prices skyward for many materials. Couple all that with increases in minimum wages.
So who gets hurt?
- Poor people, who have little money to begin with. A few dollars will buy even less.
- Older people and people on fixed incomes.
Who doesn't get hurt?
- People invested in equities, generally.