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I am not sure of that. If all that money ended up in rich people's pocket, never to see the light of day again we won't be having the inflation crisis. The mone
by anu7df 4y ago
I am not sure of that. If all that money ended up in rich people's pocket, never to see the light of day again we won't be having the inflation crisis. The money through various investments is now out in the open, driving up inflation. It is still unequally distributed and that is causing issues. If there was a magical way to distribute that money equally between everyone inflation won't be an issue. Unfortunately magic isn't real.
- adrianN 4y agoRich people don't keep their money under the mattress. It's invested in assets that make it available to the economy.
- ben_w 4y agoI don't claim to know the full causes of the current inflation issues, but inflation can also be caused by a reduction in productivity, not just by an increase in money supply.
- kortilla 4y agoThere needs to be a reduction in productivity while everyone magically staying at the same income levels though to keep demand high. The rapid increase in just human labor prices seems to indicate that money is making it to people somehow because COVID didn’t kill enough of the labor force to have that kind of effect.