3 ms·
> So, the US govt printed an additional $2 Trillion last year. How many people did it lift out of poverty? It devalues the dollars for everyone, so the rich ge
by m-p-3 5y ago
> So, the US govt printed an additional $2 Trillion last year. How many people did it lift out of poverty?
It devalues the dollars for everyone, so the rich gets a bit poorer overall (unless they get a substantial slice of that 2T$, which is likely if they take care of some government contracts), while the poor are poorer too.
- ompaLompa 5y agoAnyone holding cash assets gets poorer. But the rich have very little (no) cash holdings.