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Goods, services and assets. The FED buys the bonds from people and gives them money. What do these people do with the money? Chase goods, services and assets.
by TekMol 5y ago
Goods, services and assets.
The FED buys the bonds from people and gives them money.
What do these people do with the money? Chase goods, services and assets.
- thoughtstheseus 5y agoMostly save it (stocks and housing) and then pay higher prices for existing assets.
- landemva 5y agoWorking class and poor don't really have investments. They have cash for paying bills. These groups are particularly hurt by inflation because they can't afford to have investments. The rich don't care as much because the rich have investments which track inflation.