Daniel Lakeland on Nostr: When you create money and give it to rich people, rich people buy up capital assets ...

When you create money and give it to rich people, rich people buy up capital assets with it, consolidating businesses, stuff like "private equity firms". These seek out short term financial gains rather than long term *real asset* gains.

Here's mortgage asset level per capita CPI adjusted... To get mortgage loans you have to be wealthy... So again wealthy people buy up houses, which we aren't constructing much anymore either.