3 ms·
Arguably, money printing in the fallout of the 2008 crisis didn't create inflation because it went to the wealthy. They bid up prices on houses and stocks—whic
by BeFlatXIII 4y ago
Arguably, money printing in the fallout of the 2008 crisis didn't create inflation because it went to the wealthy. They bid up prices on houses and stocks—which aren't included in most laymen's definitions of inflation. The 2020+21 stimulus went to normal people who bid up the prices on normal people goods, thus inflation.