It’s not even about particular people becoming rich (while that does happen) it’s more about controlling the economy. More so about keeping people down, preventing them from gaining wealth (and therefor power).
By printing and allocating the money, the government can pick and choose the course of technological development, can pick and choose which industries thrive and which fall, can pick and choose when wealth can be generated and when it must be destroyed.
If, on the other hand, money supply was scarce, the government would not have as much say in that. Industries would develop based on the overall will of the population.
It’s not even about particular people becoming rich (while that does happen) it’s more about controlling the economy. More so about keeping people down, preventing them from gaining wealth (and therefor power).
By printing and allocating the money, the government can pick and choose the course of technological development, can pick and choose which industries thrive and which fall, can pick and choose when wealth can be generated and when it must be destroyed.
If, on the other hand, money supply was scarce, the government would not have as much say in that. Industries would develop based on the overall will of the population.
Interesting. Even top financial guy doesn't seem to get what's going on. But whatever it is, it's not intended to serve the people