Earlier quoted context omitted.
I understand where you are right now, but the fact is central banks aren’t knowingly creating inequality, and aside from the ponzi scheme aspect the only economic use of cryptocurrencies is financing crime. I’m not going to persuade you now, so I wont try. Put a pin in your expectations for the future and revisit this in a few years or a decade’s time. Look at whether any of the extreme outcomes you are predicting no…
> I understand where you are right now, but the fact is central banks aren’t knowingly creating inequality ... Phew ... what else is happening when most (if not all) of this money is brought into the economy at the level of financial assets? Do poor people get to see any of this money? Give me one example except for the US one time payment to citizens. Easy conclusion, if poor people aren't seeing any of this additio…
The UK government's furlough scheme which gave all people who lost their jobs to Covid 80% of their previous salary from March 2020 to September 2021.
Denmark's similar furlough scheme.
Germany's similar furlough scheme which will last over 24 months (it also used a similar scheme in the 2008 - 2009 financial crises.)
There's four examples.
You keep saying "central banks" while also talking as if the US is the only country in the world.