It is an indirect transfer. Central bank balance sheet coupled with debt monetization debases fiat. That means if I worked for an hour and made $10 and your ho

It is an indirect transfer. Central bank balance sheet coupled with debt monetization debases fiat. That means if I worked for an hour and made $10 and your house goes up by 30%, I can buy less house while you can borrow against your house at low interest rates to buy more financial assets or even my time.