> Moreover, this trillion has a higher propensity to spend than most of the investor wealth that gets destroyed—so there will be proportionately macroeconomic e

> Moreover, this trillion has a higher propensity to spend than most of the investor wealth that gets destroyed—so there will be proportionately macroeconomic effects. Deflationary effects. This money that people thought they had, was not money, and now cannot be spent. Sad! Nice, maybe this should be tried to deal with inflation instead of rising interest rates.