alt Hacker NewsConcentrated wealth along with a lack of currency circulation results in deflation, not inflation:
https://en.m.wikipedia.org/wiki/Velocity_of_money
Pretty ironic that you'd call out economic chops when this is a very basic and well understood principle. Perhaps be more cautious and less confident in your presuppositions going forward.
You’re absolutely right, that was a test.
The fact that you’re the only one to point it out makes me think that I have put too much faith here.
It’s patently obvious that less circulation is a depressive force on economic activity.