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by NTDF9 2647 days ago
> Changing interest rates doesn't change the money supply.

It does by discouraging creation of new money by way of loans.

The uneven distribution of money is because of an unbalanced wealth creation system. Money trickles down from the Fed into assets (owned by banks and wealthy) who then loan that money out to others.

Some of that money goes into business activities such as procuring goods and services, thus creating demand. The rest of that money goes into speculation and buying up more "assets" that will pay out in future.

Notice how labor is not important in any of this at all. Labor is almost a side-effect of this economic system of assets vs assets.

Unfortunately, no human is born with assets. Most humans still make money from labor. If money printing goes into assets but humans make money from labor, it's obvious that this will throw most humans out of the system.

This is like a video game where some people got the cheat code while others didn't.