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by slv77
1197 days ago
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Unless the US is willing to redistribute wealth from capital to labor, from the old to the young and rich to the poor it will be difficult for the Fed to sustain high rates of inflation. Rich people can only buy so many cars and the old eventually start preferring security (savings) over consumption. The massive stimulus combined with the rising millennial generation is driving inflation along with supply chain challenges, breakdown of globalization and a massive increase in the Feds balance sheet. The question isn’t why there is inflation but the question is why is there so little? |
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