If you don't like the Fed throwing money at rich people, you should probably be rooting for inflation. The historically low inflation of the past decade has them handing out money like candy.
We have not had low monetary inflation since at least the Ford presidency.
You are confusing the consumer price index for “inflation”. It’s understandable, this lie is one of the earlier examples of fake news.
When the fed prints money it goes to wall street and politically connected people. (This is quite literally the definition of fascism- a private economy run by government)
Wall Street profits from the inflation, but the rest of the people get poorer.
No. Everyone profits (the world economy grows).
Sure, some people will be left behind like blue collar americans but that’s mostly because of globalization.
Also people that put their money in the stock market for the long term will do much better than others. Even if they are poor, it doesn’t matter. Just buy SP500 with all the money you can spare.
At worst inflation is a tax on ignorance. If you keep buying crap you don’t need with your dollars instead of investing... it will suck for you.
What about those that are so poor that have zero money to spare in the first place? Well, that’s a situation that shouldn’t even exist. That’s why I live in European Social democracy where governments actually distribute wealth.
Besides the US can print as much dollars as they want because they have the largest economy and the largest military to keep the rest of us buying those dollars and inflating our own currencies in lockstep.
The US is not Zimbabwe. It’s not even comparable.
You can literally shove those dollars down the throat of the rest of the world for as long as the status quo is maintained.
