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Inflation on its own isn't helpful, but when you print money just to pour it into the stock market, you help wealthy people disproportionately. You raise stocks
by aqme28 5y ago
Inflation on its own isn't helpful, but when you print money just to pour it into the stock market, you help wealthy people disproportionately. You raise stocks while devaluing currency. Poorer people have a higher proportion of their wealth in cash, and are often paid in static amounts.