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Exactly the never ending quantitive easing has just been piling more and more money into the hands of the rich in the name of helping the poor. Heaven forbid we
by merpnderp 5y ago
Exactly the never ending quantitive easing has just been piling more and more money into the hands of the rich in the name of helping the poor. Heaven forbid we have some deflation, and assets cost less while wages get stronger.
- imtringued 5y agoDeflation benefits the rich. They have lots of money that gets to appreciate. You're just turning money into housing or Bitcoin. Something the rich speculate with to the detriment of the less wealthy.
- merpnderp 5y agoNo, they don't have lots of money, they have lots of assets. No one is sitting around with a silo full of doll-hairs they go swimming in like a greedy duck. And with deflation, those assets become cheaper. Inflation they become more expensive. The exact opposite of wages.