Putting that much money into circulation would cause hyperinflation and then a gallon of milk would cost 10 quintillion dollars and you’re back to square one.
Right… if one person owns a quadrillion dollars but doesn’t spend it there is no inflation. They’d just spend a billion here… a billion there… buying up all those midsized businesses or swathes of land.
Putting that much money into circulation would cause hyperinflation and then a gallon of milk would cost 10 quintillion dollars and you’re back to square one.
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Right… if one person owns a quadrillion dollars but doesn’t spend it there is no inflation. They’d just spend a billion here… a billion there… buying up all those midsized businesses or swathes of land.