4 ms·

and it's not? Inflation harms fixed wage earners and pensioners far worse than "businessmen"

• cromwellian 9y ago
  Deflation also helps creditors and hurts those in debt, so it swings both ways. Often the Libertarian/Austrian-econ crowd posits a false choice between deflation and hyperinflation, both are bad, and ignores the third option which is an inflation rate that's non-zero, but low and stable.