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I view the "inflation = stealth tax" to be hyperbole. Like, a comparison to something everyone hates for emphasis. But yes, inflation is not targeting any soci
by vmception 5y ago
I view the "inflation = stealth tax" to be hyperbole. Like, a comparison to something everyone hates for emphasis.
But yes, inflation is not targeting any socioeconomic class, and its purpose is mainly to force people with a lot of money to not just park it somewhere and instead keep it moving in the economy. The bank's advertised rates sound like a cruel joke? Go invest it! That's the point, the central banks are playing a perpetual game of "inception" where they make all of your decisions to not put your money in a savings account to seem like your own original idea.