3 ms·
You raise a /very/ good point. But I worry that it is not working in a way that's favorable to those who rely on cash holdings (most people) for their budgeting
by adammunich 6y ago
You raise a /very/ good point. But I worry that it is not working in a way that's favorable to those who rely on cash holdings (most people) for their budgeting and daily goals.
- rmah 6y agoPoor people, sort of by definition, do not have "cash holdings". They tend to live paycheck to paycheck or are in debt. Inflation helps debtors. And wages do tend to rise with inflation, albeit with a delay.