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Obviously "wealth" went up by trillions of dollars. we flooded the system with said trillions of dollars But its all junk, fake wealth [1]. We cant even make
by thsksbd 3y ago
Obviously "wealth" went up by trillions of dollars. we flooded the system with said trillions of dollars
But its all junk, fake wealth [1]. We cant even make artillery shells for f^*^'s sake. Interest rates are high, inflation is being tamed by selling the oil reserves and collapsing demand.
[1] actually its not entirely fake. No matter how pathetic a currency is, it's the metric of wealth. When you pour printed banknotes onto a favored constituent said constituent gets proportionally more money than the rest of society.