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by diognesofsinope
1553 days ago
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> we printed money and it helped. I mean, did it? What evidence do you have for this claim? Vaccines absolutely helped. But now everyone's wages are going down -- it was basically ~$3k stimulus checks that were actually loans with a 400% interest rate. Real workers wages are falling. Inflation fundamentally increases inequality, i.e. people who own assets watch the value of those assets increase while people who work for income watch their income fall. |
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A tight job market
> now everyone's wages are going down
Not the people that just got jobs
> Inflation fundamentally increases inequality
Not nearly as much as unemployment does