this post was submitted on 04 Nov 2023
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Nobody has extra cash in their pockets so where did all that printed money go…?
Wait a minute... You're not still living large off your stimulus funds from 3 years ago? Cause according to a few financial "gurus" on cable TV, we're all living it up like Scrooge McDuck.
They spent it.... Which caused inflation. COVID money
It was a way to transfer money from the lower/middle class to the already wealthy elite. Notice how every big industry since Covid came has had “record profits”?
I'm not denying that either. Either way, it's the government and the federal reserves fault.
When you give people a bunch of money they're going to spend it. And all the businesses made record profits. Also, factor in supply and demand and prices go up. Shortages make things go up.
Don't worry though, this house of cards will hopefully fall down soon enough and we can maybe get some sanity back into the monetary system
It's capitalisms fault. The workers should own the means of production, not some retarded nepo baby born to be a ceo.
I've done quite well under capitalism.
Good for you