4 ms·
All true of course, with a clarification: even if all the newly printed money is put in the hands of the poor, the resultant inflation raises the prices of hard
by hammock 1y ago
All true of course, with a clarification: even if all the newly printed money is put in the hands of the poor, the resultant inflation raises the prices of hard assets which are overwhelmingly held by the rich (fueling wealth inequality)
- marcosdumay 1y agoYou can say that they fail to dilute the value of hard assets, yes. So they don't really "punish" the extra-rich. But they only inflate prices by the amount of money you print, you can't make the poor poorer by giving them money.
- fc417fc802 1y agoThat depends on your metric and time frame. Purchasing parity and relative wealth could certainly be reduced beyond the immediate term.