Re:Are we running out of resources?
by scatters on Monday April 04, 2022 @02:48PM
(#30910549)
What assets are actually being sequestered? Isn't billionaires' wealth in paper?
If that paper wealth was confiscated and spent, it would lead to a significant increase in demand, so central banks would have to implement sharply contractionary policy, or see all that newly distributed wealth inflated away. How would that leave anyone better off?
If that paper wealth was confiscated and spent, it would lead to a significant increase in demand, so central banks would have to implement sharply contractionary policy, or see all that newly distributed wealth inflated away. How would that leave anyone better off?