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These are non real estate assets so they're already circulating through the economy in some way or another. It wouldn't cause inflation.
by phyzix5761 1y ago
These are non real estate assets so they're already circulating through the economy in some way or another. It wouldn't cause inflation.
- arbor_day 1y agoThey said "net worth" which is assets not cash that's being spent. M0 would shoot up which causes inflation. If they said "income" it'd still shoot up the velocity of money, since poor people have higher spending rates.