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I dunno why this always gets brought up. What causes inflation? Money moving in the economy. Don't want to cause inflation? Give your money to rich people, they
by oehpr 3y ago
I dunno why this always gets brought up. What causes inflation? Money moving in the economy. Don't want to cause inflation? Give your money to rich people, they will just sit on it. Same as burning it. Give it to poor people and they use the money to get the things that they need. Moving the money. Causing inflation. Which means your assets are less valuable, and poor people move up.
It's only reflecting the relative shift of the country.
You reach your hand down to lift someone up, and shock and horror, you are no longer above them.
- slashdev 3y ago> Causing inflation. Which means your assets are less valuable, and poor people move up. You’ve got it backwards. Assets tend to track inflation. Rich people do just fine. Wages do not. Poor people suffer the brunt of it. Inflation increases the inequality.
- sangnoir 3y ago> Give your money to rich people, they will just sit on it Which does precious little for the economy, so there's bo economic reasoning for doing this. If you want an economic stimulus, give money to poor people instead.