4 ms·
covid was the largest money printing and wealth transfer event in history. When rich people get money they buy assets. We have had extreme asset inflation since
by anthonypasq 4mo ago
covid was the largest money printing and wealth transfer event in history. When rich people get money they buy assets. We have had extreme asset inflation since then. Metals, equities, real estate etc. Watch Gary's Economics on youtube.
We get out of it by building more, read Abundance by Ezra Klein and Derek Thompson.
Its extremely simple.
- deleted 4mo ago[deleted]
- lifestyleguru 4mo agoThere is one hackish solution though. Unilaterally implode the real estate prices worldwide. People were so busy stealing covid money that they simply dumped the loot into real estate. This will not trickle it down (nothing ever trickles down), but at least would evaporate it.