

No, money at rest does not create inflation. It is the consumption of goods and services through use of money that does. Trump could mint a one hundred trillion dollar coin and put it on display in the White House, and this would have no effect on prices, even though he is now richer than all Americans put together… as long as the coin stays on display. But the moment he tries to deposit the coin at a bank and start spending its value to pay for goods and services, all prices will skyrocket, because now there are more dollars competing to buy the same amount of food, the same number of houses, the same number of services, that existed/was being produced before, the same that you are trying to buy.
Remember those news articles last year how the wealthiest 10% of Americans drive 50% of consumer spending? That’s how the rich influence prices. Not hoarding - consumption. The poorest 90% (those earning less than $250k/year, namely you) only have access to 50% of food and consumer goods and such. One person from top 10% consumes 9x more than one person from bottom 90%. If wealth inequality did not exist and the 10% consumed as much per person as the 90%, then you would literally be able to buy 1.8x as much stuff as you can now, with no other changes in productivity required.







You overlooked the hundred trillion dollar coin inside the […].