Lemma, a short statement you believe to be true
- No names, respond to the idea not the person
- Stay on topic, the lemma stays in the center
- Rate other lemmas, highest rise to the top
- Tags, follow what you care about
In many countries the money supply has increased significantly recently, in the US 20% of all money was created in 2020 (US dollar stock increased from $15 trillion to $18 trillion)
The wealthy can protect themselves from inflation as they can take out low interest debt and invest in high return assets (eg stocks, property, collectibles), your average person doesn’t have the capital, access or credit to do that