Warren Davidson 🇺🇸 @WarrenDavidson
The trade effective becomes, “long the Fed” = “short the dollar”. Printed money dilutes the value of the dollar, so cash goes into assets. Wealthy have more assets. Wage earners at best have 401k which doesn’t help current consumption, so “inflation” (CPI) is lower. Wealth gap ⬆️ — PolitiTweet.org