🧵1/3 Scott Galloway @profgalloway on #inflation in #thenewyorktimes:
“We…threw some loaves of bread at & circuses to the poor so that we could massively stimulate the economy. The majority of the money ended up in the market, & who owns 90% of stocks…? The top 1%.”
“We…threw some loaves of bread at & circuses to the poor so that we could massively stimulate the economy. The majority of the money ended up in the market, & who owns 90% of stocks…? The top 1%.”
🧵2/3 “This is the dirty secret of Covid. If you’re in the top 10%,…Covid for you meant more time with family, more time with Netflix — & you saw your stock accelerate.”
🧵3/3 “When you flush $7 trillion into the economy…with a war & supply chain eruptions…We have too many dollars chasing too few products. And…the people…hurt most by inflation are the people who don’t have cushions. We absolutely overdid it.” nytimes.com/2022/06/18/bus…
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