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In both cases it tends to be capital holders that win.

The middle class grows when there is stability and neither inflation nor deflation. The constant instability we see only benefits the capital holders who can profit off both the ups and downs.

I’m not sure how many more years of a quasi government organization (that is far too buddy buddy with major capital holders) imposing a tax on existing (inflation) we’ll have to suffer before we get a central bank that exists for the American people and not capital that operates in America.