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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by coliveira on Thursday October 26, 2023 @05:12PM (#38031764)
There is no relationship between money and inflation because the money doesn't go to the pockets of people who can spend money. The extra money goes usually (the covid programs are an aberration) to the pockets of the financial elite, and they become stocks and other financial assets. The price of these assets go up, so there is asset inflation, but not real product inflation. The characteristics of fiat money work because the created money is really going to the pockets of the rich to inflate their net worth.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by yogthos on Thursday October 26, 2023 @05:19PM (#38031844)
Sure, that's part of it, and the other half of the equation is that when economic crashes happen the rich use their liquid assets to buy up physical assets that everyone else if forced to let go this concentrating tangible wealth with the capital owning class.
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