They just print more
Comment on Conclusions from doing your own research
frog@feddit.uk 3 weeks agoTrue but more money going to the wealthy stops circulation more than it going to people that actually spends it.
titanicx@lemmy.zip 3 weeks ago
zxqwas@lemmy.world 3 weeks 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 3 weeks ago
True. I see your point.