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Government flooding the market with cheap money has so far gone mostly to inflating asset prices. Who owns the assets? The rich. Who does not? The poor.
by 127 5y ago
Government flooding the market with cheap money has so far gone mostly to inflating asset prices. Who owns the assets? The rich. Who does not? The poor.
- brazzy 5y agoNote that I did not mention assets, I mentioned debt. Who is in debt? The poor. Who owns that debt as creditors? The rich.