>The WaPo very explicitly wants to rapidly expand the money supply in order to redistribute wealth and achieve "equity" or whatever the buzzword is today.
Considering that they're owned by jeff bezos, why would bezos want this?
Considering that they're owned by jeff bezos, why would bezos want this?
Easy answer: The Cantillon Effect [ https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the... ]
Whenever Central Banks print money, they don't load up helicopters and distribute the funds evenly among the populace. They work through close relationships with Primary Dealers. The money enters the system through asset purchases. But when banks' assets are replaced on their books with cash, they have to do something with that cash. What do they usually do? Buy other assets. Like corporate debt. Like stocks. Money is fungible, and unless there are specific regulations preventing it, the first place freshly printed money goes is to the banks. The second place it goes is whatever those banks buy. Think index funds. Think AMZN.
Even in open-market operations, the money still finds its way to AMZN. Example: The Fed pins the 2y-7y maturities down by buying in OMO. SOMEONE is selling. Usually, it's some sort of institutional fund with variable capital controls. With the TSY prices too high for their desk, they look for somewhere else to park their cash, like AMZN, or the SPY.
The first at the trough always wins. The second at the trough wins really big as well. Hacker News readers with their FAANG incomes, RSUs, and 401ks, are pretty big beneficiaries, too. The guy that raises your pastured free-range eggs, though? By the time he's buying coop materials and fencing, most of the purchasing power has already been sucked dry from Bezos and you.
Employees with salary.
Owners of fixed income securities (government & corporate bonds, mortgages).
Even owners of capital that sell stock (inflation causes imaginary "capital gains" and the corresponding taxes).
It's _everyone that isn't rich enough_.