When new money enters an economy, it doesn’t reach everyone at the same time. Those who receive it first benefit the most. In today’s system, liquidity flows through the Fed & bank lending, lifting financial markets, large balance sheets, & well-connected borrowers first, driving asset prices up higher long before wages adjust & purchasing power erodes. The result is a stark inequality: the top 10% own nearly 90% of equities, while the bottom 50% own about 1%. Understanding this effect changes how one should think about risk, opportunity, & where to store your savings.
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