Comment on Conclusions from doing your own research
zxqwas@lemmy.world 2 months 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 2 months ago
Cash does not disappear because you spend it. Everything you spend is someone else’s income.
frog@feddit.uk 2 months ago
True but more money going to the wealthy stops circulation more than it going to people that actually spends it.
zxqwas@lemmy.world 2 months 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 2 months ago
True. I see your point.
titanicx@lemmy.zip 2 months ago
They just print more