2 ms·
Cash is just means to provide liquidity when trading assets for assets. When someone sells stocks it's almost always to quickly spend it on something else. I a
by bluecalm 5y ago
Cash is just means to provide liquidity when trading assets for assets. When someone sells stocks it's almost always to quickly spend it on something else.
I am not rich but quite well off. What has recent policy of pumping cash as loans and handouts done to me? My assets (mainly stocks) skyrocketed. My less fortunate friends complaining that prices of everyday items has gone up? I haven't noticed, I can buy more fresh produce or housing or electronics with my Google or Amazon stock that I could have before the pandemics and way way more than a few years ago.
It seems to me you're confusing money with wealth. Money doesn't matter, assets do. It's just convenient to price assets in money as long as the currency is stable. If you give everyone a house you solve a huge problem. If you give everyone a freshly printed million dollars you don't solve anything. Rich people still live in big houses and own companies. It will just be a temporary inconvenience to find some way to trade. No one is buying anything of value with that million.