▲ 0 r/GarysEconomics
Do billionaires cause deflation?
If the state causes inflation by injecting money into the economy and devaluing the currency we hold, do billionaires conversely drive deflation when they hoard wealth? By pulling money out of circulation, do they effectively boost the purchasing power of the cash left in our pockets?
u/MarionberryNo103 — 4 days ago