With the money supply roughly tripled in the past 11 years to mask the greatly reduced velocity of money, we should expect no end to inflation, or to the rich getting a helluva lot richer since all that printed cash has to go somewhere. If it went to all of us, prices would climb much higher, along with our increased "wealth".
With the money supply roughly tripled in the past 11 years to mask the greatly reduced velocity of money, we should expect no end to inflation, or to the rich getting a helluva lot richer since all that printed cash has to go somewhere. If it went to all of us, prices would climb much higher, along with our increased "wealth".
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