“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker” — Marc Faber
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In this quote, economist Marc Faber seems to be cautioning that the effects of monetary policies like quantitative easing (printing money) do not always trickle down evenly through the entire economy. He suggests that much of the newly created money ends up concentrated within the financial sector and among higher income individuals/institutions that have direct access to investment opportunities.
In contrast, the average worker may see little direct benefit from such actions in terms of higher wages or more job opportunities. Faber implies printing money can disproportionately help those already engaged in financial activities and assets, rather than directly stimulating broader employment and consumer spending that benefits a wider segment of the population.
So the quote serves as a reminder that monetary stimulus does not guarantee widespread prosperity and that its impacts are not uniform across socioeconomic classes.