"no" banana@lemmy.world to Lemmy Shitpost@lemmy.world · 4 days agoControversial questionlemmy.worldexternal-linkmessage-square70fedilinkarrow-up1219arrow-down12
arrow-up1217arrow-down1external-linkControversial questionlemmy.world"no" banana@lemmy.world to Lemmy Shitpost@lemmy.world · 4 days agomessage-square70fedilink
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up0·edit-24 days agoBecause the rich don’t affect much in our current monetary policy, its the velocity of money that matters rather than the quantity. If they start buying out every grocery store then prices rise, interest rates rise, and their asset prices fall. Its the central bank that debases your salary though, making it buy less and forcing a wall of debt to gatekeep your housing.
Because the rich don’t affect much in our current monetary policy, its the velocity of money that matters rather than the quantity.
If they start buying out every grocery store then prices rise, interest rates rise, and their asset prices fall.
Its the central bank that debases your salary though, making it buy less and forcing a wall of debt to gatekeep your housing.
you just dont get it, do you? :DDD