News for hackers. Stuff that matters.

A comment on U.S. inflation rate rises to 13-year high of 5.4%. Parent comment

Re:U.S. inflation rate rises to 13-year high of 5.4% by pkulak on Wednesday October 13, 2021 @10:45AM (#28852778)
We've been "giving" (I know, it's not technically that) billions to rich people for decades and it hasn't done anything to inflation. So it's reasonable to wonder if that still holds when everyone gets the cash.

My theory is that rich people save it, and poor people spend it; so here we are.

[ Parent | on HN ]
Re:U.S. inflation rate rises to 13-year high of 5.4% by nuerow on Wednesday October 13, 2021 @10:49AM (#28852848)
> My theory is that rich people save it, and poor people spend it; so here we are.

Supposedly this money is being dumped on conservative investments which are actually worsening the whole economy, such as the massive inflow of institutional investments in real estate which is behind the astronomical real estate prices in some cities.

[ Parent | on HN ]
Re:U.S. inflation rate rises to 13-year high of 5.4% by throwaway0a5e on Wednesday October 13, 2021 @10:57AM (#28852973)
The rich all competed for assets and it was reflected in asset prices.
[ Parent | on HN ]