It is being downvoted but it is true. Massive unprecedented money printing has pushed asset prices up. And we are still printing more money.
MMT for the rich, austerity for the poor.
Why is this being downvoted when it’s demonstrably true. The people being hit the hardest where the ones already in economically precarious situations
Because it is common knowledge and doesn't add to the conversation?
It may be common knowledge that the wealthy have done disproportionately well during the pandemic, but much fewer are agreed
or aware that that is largely a consequence of the government's/Fed's response.
Yes, because it makes people at the lower end of the ladder much more sensitive to losses of opportunities. Mandatory lockdowns are a disaster.