7/6/23 Ryan McMaken: Where in the Boom-Bust Cycle Are We?
Scott Horton Show - Just the Interviews
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The Left's Argument for a New Government
The last people to benefit from new money creation are just ordinary workers further down the totem pole. They don't even have a period where they could buy cheaper things with their larger amount of money that they've received. So yeah, they never had a beneficial period from the inflation like bond dealers did. And which is why they're going to keep meddling in politics so they can stay in business at the expense of the market and reality and the rest of us. I do appreciate how their first resort is just to cruelty.
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