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Since you're into this, I have a theory that ought to be investigated by a more sober and serious economist. Since there are a lot of different types of 'dollars' floating around, and the amounts of different types of money can be increased or decreased differently, the classes of people holding those different types of money will result in varying degrees of price increases in different types of assets. For example in the 'meltdown' of 2008 and 2009, many economists were predicting price inflation, but the didn't consider what different classes of people would be getting the new dollars. The new money went to the 0.1%, leading to increased real estate and stock and art prices, but the price of hamburger didn't shoot up -- because the bulk of the working-class people didn't get much of that new money. Now consumer-grade price inflation is launching due to the double whammy of policy-driven economic breakage (lockdowns, supply-chain disruptions), combined with mountains of loans and cash to the erstwhile-working classes. As others have said - losers are those who work and save. The enemy's tactic is to differentially privilege those who leech, rob, borrow and steal. It's quite conscious, and diabolical.

Jun 10, 2022
at
5:33 PM

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