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Keep in mind, most of that 20T didn't go to regular people. It mostly went to asset price inflation.
by mempko 4y ago
Keep in mind, most of that 20T didn't go to regular people. It mostly went to asset price inflation.
- xhrpost 4y agoYea you raise a fair point. What matters is, where are those dollars now? If more so in the hands of rich people, who have a higher propensity to save cash, then those dollars are likely more removed from the economy in a way. Partly why we track Money Velocity as well: https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V