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Anyone else notice these articles accelerating along with inflation. Any day we'll see the media narrative "High inflation is actually a good thing: here's why"
by frockington1 5y ago
Anyone else notice these articles accelerating along with inflation. Any day we'll see the media narrative "High inflation is actually a good thing: here's why"
- ZeroGravitas 5y agoHigh inflation can be a good thing, if you're working and in debt. The key worries are that the people with large assets overreact and you end in Nazi Germany (which was directly correlated with the austerity brought in by the rich to 'fix' inflation)
- frockington1 5y agoAlso working well with people who own assets. I refinance all my properties in the last year, at 2.3% interest despite inflation at 5%. Rents one of the biggest drivers so I'll likely be able to increase rent 10% when my tenants move out (generally wont raise if its the same tenant)
- WillPostForFood 5y agoif you're working and in debt And your wages are rising at least as fast as inflation.