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When the money printer prints, the people who touch the money first get to spend it before inflation fully comes to fruition. They use that money to scoop up an
by Consultant32452 4y ago
When the money printer prints, the people who touch the money first get to spend it before inflation fully comes to fruition. They use that money to scoop up and raise the costs of assets, which the poor never get to slowly accumulate. Meanwhile, wages always lag price inflation, and wages haven't kept up with inflation for the last 40+ years. Inflation is a slow, exponential wealth transfer that happens a little bit every year.
You also didn't address my specific question about fed policy when the Chairman himself said he was going to tip the balance of power away from workers. Do you believe the fed chairman doesn't understand economics?