Monetary expansion isn't just widening wealth gaps—it's the hidden fuel line for the AI data center buildout

The M2 expansion story (427% growth since 1999 vs. 140% median wage rise) and the Great Wealth Divide piece appear in separate finance buckets, while the $78B hyperscaler bond issuance, $3.2T off-balance-sheet AI obligations, and AMD's data-center revenue surge sit in technology and finance silos. No single article connects them. Yet the same monetary conditions that reward asset owners are now channeling capital into power-hungry AI infrastructure whose electricity costs are already up 43% since 2020. Security breaches in education platforms and cloud tokens, plus AMD's collapsing free-cash-flow margins, reveal the resulting system's brittleness: the capital flood creates concentrated tech assets while leaving the underlying networks and wage base exposed.