3 ms·
> money also represents 100% of the capital and therefore affects the poor completely. Per definition the poor don't have much savings. Their wealth is mostly
by jcfrei 6y ago
> money also represents 100% of the capital and therefore affects the poor completely.
Per definition the poor don't have much savings. Their wealth is mostly in durable consumer goods: Car, television, furniture, etc. The market prices of these goods rise with inflation.
- nathias 6y agoConsumer goods are not wealth, if they have any it's savings in cash. The cost of eating rises with inflation.