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You 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
by marcosdumay 1y ago
You 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.