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user-inactivated · 3166 days ago · link · · parent · post: Stocks Off Sharply as Market Upheaval Grows
I don't know much about how money works, but this sounds interesting. Could you elaborate?The argument for buying assets and securities from JP Morgan-Chase is that they're evil vampire squids that will shove that money right the fuck back into circulation where it will actually grease the economy, unlike Ma and Pa Carpetbagger who are going to use it to drive down their debts and freeze the economy up as tight as a drum.
Simply put? Yes. It creates wealth inequality through stimulating the wealthy. The alternative is creating wealth equality through wealth destruction and while that would be a lot more "fair" it would also probably be a lot more dystopian.