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Federal reserve makes things equivalent to money and they use it to control the value of money. They do not own money. Owners of money are those that actually
by corethree 3y ago
Federal reserve makes things equivalent to money and they use it to control the value of money. They do not own money.
Owners of money are those that actually own it in the bank. Then there are those who own it in the form of assets which also helps divert control of value away from the Fed.
In fact almost all rich people don't own money, they own some form of asset which has intrinsic value.
Therefore in a non-technical sense, rich people are the owners of "money" or "value" which is what we're really getting at here.
But there's another viewpoint of this. Corporations. Corporations own a lot of "value". But who owns the corporations? Rich people and also all of us. Generally upper middle class people and Rich people own most of the value and money.