You forgot "the 1% tax the 99% to pay for the money they just spent" in between step 3 and 4
Do you know the “Cantillon Effect”?
1. New money is printed
2. The new money is distributed to the 1%
3. The 1% spends the new money
4. The new money leads to price inflation
5. The 99% are fucked.
Inflation always touches the 99%, never the 1%.
#Bitcoin fixes this.
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