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> Creating money is wrong because it benefits those who have the power to create money vs. those who can't. It's only ethically acceptable because people don't
by JetSpiegel 5y ago
> Creating money is wrong because it benefits those who have the power to create money vs. those who can't. It's only ethically acceptable because people don't understand it, or don't have any choice.
It's actually the opposite, it depends on what to do with the created money.
Creating 1M$ to give to every American is an effective transfer of wealth from Bezos to everyone else, because his billions are worth less relatively.
Creating the same 1M$ per capita and giving that to banks that buy Amazon stock is a transfer of wealth to Bezos.
Only wealth inequality matters, the numbers printed on the bills are just fictions.