Comment on Conclusions from doing your own research
zxqwas@lemmy.world 1 day ago
Cash does not disappear because you spend it. Everything you spend is someone else’s income.
Comment on Conclusions from doing your own research
zxqwas@lemmy.world 1 day ago
Cash does not disappear because you spend it. Everything you spend is someone else’s income.
frog@feddit.uk 1 day ago
True but more money going to the wealthy stops circulation more than it going to people that actually spends it.
zxqwas@lemmy.world 22 hours ago
It does not. Instead of necessities the wealthy buy assets, e.g. stocks. Either way the cash is still in circulation.
It’s foolish to have huge piles of cash when most central banks have a stated goal of about 2% inflation.
frog@feddit.uk 16 hours ago
True. I see your point.
titanicx@lemmy.zip 15 hours ago
They just print more