Comment on Conclusions from doing your own research

zxqwas@lemmy.world ⁨1⁩ ⁨day⁩ ago

• 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.

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  • 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.

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    • frog@feddit.uk ⁨16⁩ ⁨hours⁩ ago

      True. I see your point.

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  • titanicx@lemmy.zip ⁨15⁩ ⁨hours⁩ ago

    They just print more

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