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> I'm quite surprised that price inflation isn't significantly worse. The one benefit of wealth disparity in the US and around the world. I agree that if all
by russellbeattie 5y ago
> I'm quite surprised that price inflation isn't significantly worse.
The one benefit of wealth disparity in the US and around the world.
I agree that if all that new money had been evenly distributed, then it would have most likely caused crazy inflation. But it wasn't. It went directly into the coffers of large banks, corporations and arms manufacturers, and eventually into the accounts of the 0.001%.
The supply of money has to be available to spend in order for it to affect the economy. With the top 1% owning 40% of the wealth, it means all that money is essentially locked away from the general public.