2 ms·
looks like a lot of wealth was created out of thin air about 6 years ago https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
by demritocracy 4mo ago
looks like a lot of wealth was created out of thin air about 6 years ago https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
- WalterBright 4mo agoA lot of money was printed, but that is not wealth creation.
- demritocracy 4mo agoif wealth is money in this context, and printing is creation in this context, what is the difference between printing money and creating wealth? the new money went somewhere. if i remember correctly it went indiscriminately to business owners, with no stipulations on how it was spent, and then blanket forgiven with no questions asked. to my mind that is wealth creation and the root cause of the inflation we've seen since (the printing not just the PPP)