phaedrus on Nostr: Report by Federal Reserve bank of NY saying what Bitcoin people keep repeating: ...

Report by Federal Reserve bank of NY saying what Bitcoin people keep repeating: printing money hurts poor people more than wealthy, making inequality worse.

Their conclusion is that Fed doesn’t have the tools to fix inequality and is making it worse.

I think people outside of Bitcoin community should know more about this report

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr959.pdf