Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
Rich people don’t hoard money. You don’t get rich by doing that. Most of their wealth is invested - the money is put back into circulation. What they do hoard is wealth but that mostly means things that can be easily sold and turned into cash but it’s not cash they’re hoarding.
I’m not rich by any means but of my net-worth only about 5th is cash. Rest is tied into my house and investments. Keeping lots of money in the bank is a really bad financial strategy.