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Yes, but one of those second order effects of inflation is the relentless drive for growth that's burning people out and contributing to climate change: inflati
by hliyan 6y ago
Yes, but one of those second order effects of inflation is the relentless drive for growth that's burning people out and contributing to climate change: inflation causes those with the most money to demand higher and higher rates of return on their investments (to keep up with inflation), which drives management (through pressure from the board) to drive organizations harder and harder, often to the detriment of long term objectives.
I would argue that drastically cutting inflation might help reduce income inequality over time.