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Mourinholib99 t1_j1lsoag wrote

Reply to comment by Mourinholib99 in Feds meeting schedule 2023 by whicky1978

also half of it is millitary and Ukraine which got 0.0 to do with inflation

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whicky1978 OP t1_j1m93zi wrote

That money is making lot of people rich.

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Mourinholib99 t1_j1m9hmu wrote

yeah sure i guess but in no means contributes to inflation

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KyivComrade t1_j1o1ewp wrote

People whos money is sent offshore to a tax paradise, whoem written off as a mysterious loss here. Money sent to be hoarded in a digital world by the ruling elite...they won capitalism.

Now of you happen to give some money to a normal citizen, one who actually works and produces something, it'll lead to inflation and thus is bad. Food, housing, everything has risen sky high...but me preserving 1/10th of my purchasing power is bad and "dangerous". Mr billionaire getting another few billions is good. đŸ¤¡

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Goosnavslakovic t1_j1nt4gt wrote

Money circulates. For example, SBF donated to the DNC, many politicians opted to send billions to Ukraine, Ukraine and its citizens made heavy use of crypto, and guess how much of that FTX was involved with? Saying that money is going to another country so therefore not a problem is extremely shortsighted behavior. That completely dismisses money velocity which allows the dollar to be devalued through its circulation which can easily make its way back to the US. Remember MV=PQ

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Mourinholib99 t1_j1nwd0b wrote

Okay thats just a bunch of nonsense… In no way if even a tiny amount of money really took this path it still had 0 influence on inflation

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