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Inflation is a giveaway to people who took money and were expected to return it. It hurts people who do real work for wages.
by lonelappde 6y ago
Inflation is a giveaway to people who took money and were expected to return it. It hurts people who do real work for wages.
- wegs 6y agoInflation doesn't hurt people who do real work for wages. It helps people who have debt. It hurts people who have cash savings. It's neutral for people who live paycheck-to-paycheck. But on the whole, that summary misses most of the explanation. Inflation has less to do with individuals than with the whole way business finance works, and the whole way that monetary policy works.