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NumbersDonutLie t1_iu6yahj wrote

Reply to comment by HurritUrarti in Japan unveils $200 billion in new spending to ease inflation pain by NBAtee

For M2 money supply, that might be right. That’s because that money is an aggregate of the deposits in average (poor) peoples bank accounts is what constitutes M2. Corporations through a kinipchin fit to capture this cash into their coffers.

Past stimulus was directed toward M3 (rich people and corporate deposits). M3 stimulus doesn’t cause inflation because ultra-rich people don’t actually spend money (ie. Trickle-down is bullshit)

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HurritUrarti t1_iu7xmu3 wrote

I appreciate your explanation, but the more pressing question now is why the fudge am I being downvoted by "you got free-speech" Americans? 😭 I was telling a simple fun fact.

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Scar589 t1_iu87153 wrote

If they don't spend spend money then why would they need it in the first place.

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NumbersDonutLie t1_iu8x9la wrote

Great question.. To be more specific, they don’t spend money on anything that stimulates the economy in any meaningful way. They use money as a tool to make more money and buy political influence, to ultimately make more money and gain even more power.

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