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high inflation but not enough to trigger hyperinflation instead lead to quickly rising asset prices, like stocks, land, and so on. Also rich people can sometim
by speeder 5y ago
high inflation but not enough to trigger hyperinflation instead lead to quickly rising asset prices, like stocks, land, and so on.
Also rich people can sometimes take loans with interest lower than inflation, this is basically free money.
- donmcronald 5y ago> Also rich people can sometimes take loans with interest lower than inflation, this is basically free money. In Canada you can borrow well below 2% and housing prices in hot markets have been going up well over 10% YoY with a lot of predictions of 20%+ this year. Free money indeed. You just need $1 million+ to play the game.