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Yeah but the economy is doing great (media.kbin.social)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 7 months ago

In the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.