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If you increase the amount of USD, the USD cost of anything that isn't USD goes up. So, a lot of the market gains, housing gains, crypto gains, etc, are at leas

If you increase the amount of USD, the USD cost of anything that isn't USD goes up. So, a lot of the market gains, housing gains, crypto gains, etc, are at least in some part to do with all of these countries increasing their money supplies. So anybody that has wealth kept in anything other than the inflating currencies is going to win, and anybody who either has savings only in fiat or is paid primarily in fiat is going to lose out. So, yes, of course it causes wealth inequality. The rich can afford to bail on a currency while it balloons.

theonlybutlet 5y ago
This is the interesting thing, and the whole premise of MMT (Modern Monetary Theory), the currency being the reserve currency is not prone to devaluation relative to other currencies which allows them to keep printing USD and in effect exporting their inflation, all until someday something replaces the currency as a reserve. The inequality comes from this excess cash in the market with nowhere productive to be spent on, people merely invest it in the assets they were already going to invest in, driving up asset prices (creating asset bubbles).