I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.
I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.