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Joined 1 year ago
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Cake day: July 5th, 2023

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  • Exactly, the bottom 10% don’t have enough money, meaning that any money you give them will go towards consumption. The top bracket’s spending as % of income or wealth is tiny and is mostly independent of their income. Their money is spent on investments, not basic goods and services. They practically don’t affect inflation.

    I think money should be printed during periods of low inflation. E.g. Japan could have benefited from that. After this bout is over, governments can return to printing, carefully.