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Yep, the investor class got $5 trillion, but regular people in the aggregate got a raw deal. If the Fed hadn't printed all this money, the investor class would
by jgalt212 3y ago
Yep, the investor class got $5 trillion, but regular people in the aggregate got a raw deal.
If the Fed hadn't printed all this money, the investor class would have fought harder to open up the schools and restore Western society. But they were just fine sitting sitting at home counting their non universal generational income.
https://fred.stlouisfed.org/series/WALCL https://fred.stlouisfed.org/series/WALCL
- thoughtstheseus 3y agoIt’s weird thinking the public policy measures enacted during the pandemic were designed to make wealthy people more wealthy and increase consumption of goods and services. We had a chance to use the pandemic to fortify our society against future challenges. Instead we’ve made our communities more fragile and more vulnerable to future shocks.
- tweedledot 3y agoIndeed. No conspiracy theory is needed - people took every opportunity to acquire power and wealth, and the already powerful and wealthy were the most equipped to do so.
- jgalt212 3y agonever let a good crisis go to waste was a mantra of many groups during the pandemic.