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Thinking about this statement. The inflation rate causes rich people to get richer since they have assets and the poor get pushed further and further from bein
by reedjosh 6y ago
Thinking about this statement.
The inflation rate causes rich people to get richer since they have assets and the poor get pushed further and further from being able to own assets.
> Real inflation has been tame over the past 15 years for precisely this reason.
I don't like this use of `Real inflation.` Maybe nominal inflation as viewed by the poor. Real inflation should include the ability of poor/middle class to buy assets as well.