Conversation

If you don’t see that our deflationary world is becoming an inflationary world, you’re just not paying attention.
Quote Tweet
Student loan debt is crushing millions of families. That’s why I’m calling for something truly transformational: Universal free college and the cancellation of debt for more than 95% of Americans with student loan debt. Read all about it here: medium.com/@teamwarren/im
15
249
Replying to
I don’t get how handouts to the 1% don’t fuel inflation but handouts to the bottom half do. Genuine question. Is there a structural trick used? Does QE fueling stock buybacks leading to wealth appreciation for stock owning class work differently than forgiving student debt?
Replying to
Yes, financial asset price inflation for rich and experiential non-asset price inflation for poor. The former is privileged (persistent, fungible, inheritable), while the latter is none of those things. The latter is “counted” as inflation, while the former is not.
2
53
Show replies