Political Memes

They're billionaires because of monetary policy, Elon Musk and Tesla wouldnt be worth so much if inflation didnt reward risky assets and provide an unlimited runway to profitability. We bid up asset prices until prices rise 2% a year; prices that exclude assets like housing, subjective hedonic downward adjustments of goods prices, and substitutions/shrinkflation.

Blame the rich if you want, I blame the unelected central bank thats debasing your paycheck with 7% annual money supply growth, QE, and bailouts. If the money supply didnt grow every year you wouldnt need to beg your boss for a cost of living adjustment that doesnt match reality. Our parents ate free range grass fed meat, we eat corn fed factory farm troglodytes, and our children will eat highly processed imitation meat slop, and the CPI will mark no difference between the three.