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We've been "giving" (I know, it's not technically that) billions to rich people for decades and it hasn't done anything to inflation. So it's reasonable to wond
by pkulak 5y ago
We've been "giving" (I know, it's not technically that) billions to rich people for decades and it hasn't done anything to inflation. So it's reasonable to wonder if that still holds when everyone gets the cash.
My theory is that rich people save it, and poor people spend it; so here we are.
- throwaway0a5e 5y agoThe rich all competed for assets and it was reflected in asset prices.
- nuerow 5y ago> My theory is that rich people save it, and poor people spend it; so here we are. Supposedly this money is being dumped on conservative investments which are actually worsening the whole economy, such as the massive inflow of institutional investments in real estate which is behind the astronomical real estate prices in some cities.