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You're assuming the government turns on the printing press and then spends some money on some social programs? That really doesn't happen anymore (if it ever di
by maratd 15y ago
You're assuming the government turns on the printing press and then spends some money on some social programs? That really doesn't happen anymore (if it ever did).
Various operations by the Treasury and Fed affect the banks. Then you get a shiny new credit card in the mail. I wouldn't call that wealth redistribution.
- nazgulnarsil 15y agoI've never seen anyone, including keynesians try to claim that newly created money goes directly to consumers. wow. read more.
- api 15y agoIt is. It's upward wealth redistribution.
- guelo 15y agoUnless the person at the top is loaning his money, then inflation is distributing downwards.