Fun fact: The increasingly unfair distribution of money is a feature, not a bug, of the fiat system

It's a common misconception that a higher money supply directly leads to higher price levels or inflation. However, what's equally important is the velocity of money - the rate at which money circulates in the economy. For instance, if more money is printed but then buried in the ground, never used to buy anything, it wouldn't cause prices to rise.

Wealthy individuals typically have a lower "money velocity" because they tend to spend a smaller percentage of their money on consumption. Instead, they invest it, leave it in banks, or hold it in other assets. As a result, when more money is printed and primarily ends up in the hands of the wealthy, general inflation may not increase significantly. However, this does lead to asset price inflation, where the value of stocks, real estate, and other investments rise.

In this context, the seemingly unfair distribution of money can actually be seen as an intentional or even "beneficial" aspect of the fiat system, as it helps to stabilize general price levels while inflating asset prices.