The wealth comes from being the first to touch the paper as its being printed. You can't destroy their paper wealth as long as the paper is still flowing...
Which is why so much of this bad paper gets funneled into gov't employee pension funds.
In my state, it's the teachers retirement fund that gets to eat the shit after the politicians have made their money. They used to use the state troopers retirement fund, but realized their error and shored it up.
Not really.
The wealth comes from being the first to touch the paper as its being printed. You can't destroy their paper wealth as long as the paper is still flowing...
Which is why so much of this bad paper gets funneled into gov't employee pension funds.
In my state, it's the teachers retirement fund that gets to eat the shit after the politicians have made their money. They used to use the state troopers retirement fund, but realized their error and shored it up.