BlkOwndYtFam t1_iuf5ucq wrote on October 30, 2022 at 9:23 PM

Reply to comment by Mobile-Animal-649 in Fellow residents I know many of you are worried about heating/utility prices for winter but prepare yourself for food prices also. by IndicationOver

I am but a humble black scientist, not an economist. Though nearly a third of my college credits were in economics. I don't know that the concentration of wealth, admittedly an issue, has an overwhelming affect on the fact that inflation is caused by monetary policy.

I was making $12 an hour working in a parking lot full time while going to college full time. If I could do it, literally anyone can.

Mobile-Animal-649 t1_iuhjpup wrote on October 31, 2022 at 11:50 AM

It just seems to me that with so much of the wealth in America held by such a small percentage, that it would have a profound effect on inflation due to it not being circulated in our economy But What do I know

That wasn’t me that downvoted you