mind, 10 months ago During that time, the central banks printed a shitload of money creating a shitload of inflaction. The Fed increased the money supply to prop up stocks, essentially giving cash to stock owners. 90% of stocks are owned by 10% of the population. Average PPP loan forgiven is almost $100K, and that free cash only went to those doing well enough to own a business. Meanwhile inflation caused by this effectively lowers workers pay and the real purchasing power of the minimum wage.
During that time, the central banks printed a shitload of money creating a shitload of inflaction.
The Fed increased the money supply to prop up stocks, essentially giving cash to stock owners. 90% of stocks are owned by 10% of the population.
Average PPP loan forgiven is almost $100K, and that free cash only went to those doing well enough to own a business.
Meanwhile inflation caused by this effectively lowers workers pay and the real purchasing power of the minimum wage.