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On top of this there are also $trillions in unfunded liabilities (pensions, medicare etc) that have to be financed by more borrowing or taxing. Jack 07 Feb 17, 2021 at 9:46 am YuShan Yup, these trillions in Wolf’s article constitute the “base money “!...
But you are talking about ordinary peoples pensions and savings here. I would argue that the real rentiers are property owners and landlords financed with lots of debt. And as we have seen over the years, they benefit from inflationary policies. A guy ...
The amount financed is dominated by new vehicles because 80% of new vehicle buyers finance or lease a new vehicle, but only 39% of used vehicle buyers finance or lease; the rest pay cash (data by Experian, based on registrations). The combined new-and-used-vehicle CPI is ...