> People have been convinced that they need to “put their money to work,” “make their money grow,” “own productive assets,” and “earn yield.” Lewis argues that

> People have been convinced that they need to “put their money to work,” “make their money grow,” “own productive assets,” and “earn yield.” Lewis argues that the reason for this is money printing. The government prints money, the money supply grows, prices increase, and the purchasing power of any money held as savings decreases. If you’re just holding money, you’re bleeding value. Controlled inflation is what the author is describing. I think the importance is that it provides the slope that keeps the economy from stagnation. Lest we forget, the US intentionally moved away from the pension system. Reduction of labor unions, changes in tax law in reference to 401k plans and creation of IRAs — these are the decisions that shaped the current economic system. It is disturbing that this is being framed as a conspiracy, while not describing the reasons behind it. Stagnant “dark money” pools are a grim idea for future economics.