>>212996914Well you don’t become richer, if the amount of money increases in an economy, and prices stay the same, the velocity of money slows down (a smaller percentage of the total is being used) because people save, this will cause central banks to increase rates since they want to avoid economic slowdown (deflation) at all costs, and then prices level out so that a loaf of bread costs the same % of income at X as it did at Y, long term
Economics isn’t as simple as ”more money = richer” on a societal scale, it’s about relative value, velocity, where the money is being spent or not