The fiat money system is designed to inflate asset values faster than nominal GDP.
This benefits 1. banks (who feed off the asset loans) 2. governments (who can splurge and grow) 3. corporate ceos. (they get rich) 4. older boomers (who got in early on the ponzi)
It hurts 1. fixed income savers (they can't keep up with inflation) 2. equity investors (they have an illusion of gains, but net lose after taxes and inflation) 3. first time homebuyers (priced out) 4. working class (wages can't keep up)
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