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Preventing prices from falling or, as ECB President Draghi desires, encouraging price inflation, causes the Cantillon Effect, whereby early receivers of the new money benefit at the expense of later receivers.
A Cantillon effect is a change in relative prices resulting from a change in money supply. It is the uneven expansion of the amount of money. ...
Since the 2000s, as the world’s largest central banks started to run out of policy tools (lowering interest rates), many are aggressively creating new money during each major financial crisis. The current status of the U.S. economy is experiencing inflation expanding during the Biden administration at record levels, resulting in increase in prices that are occurring in energy, blue collar labor, and food, but not in other products and services.
With the creation of the U.S. Federal Reserve and the U.S. exiting the gold standard, the Cantillon effect has favored investors and owners over workers (wage-earners) in the aggregate.
The wealthiest 1% own 53% of equities.
Look up "Cantillon Effect."
This is who owns corporate equities and mutual funds, by wealth percentile group, according to the Federal Reserve, as of Q3 2022 (latest data):
The top 0.1% (e.g., Leon Black) own 21.8%. That’s one-tenth of one percent.
The next 0.9% (e.g., Raphael Bostic) own 31.2%.
i.e., The top 1% own 53% of all equities.
The next 9% (Fintwit) own 35.6%.
i.e., The top 10% own 88.6% of all equities.
The 50th-90th percentile (e.g., people who watch Jim Cramer, my proxy for “middle-class”) own 10.8%.
The bottom 50% (i.e., the poor) own 0.6% (zero-point-six percent). The stock market is a fairy tale to them, like private jets.
YES, the top 10% get enriched when you “debase the currency” and spike equities (nominally).
The other 90% get hosed by inflation.
http://www.zerohedge.com/news/2015-01-02/mario-draghis-statement-fistful-keynesian-fallacies