3 ms·
I would assume theres a high correlation here (though complete conjecture) that GOP base may have fewer members who have graduated with non economically product
by quinnjh 5y ago
I would assume theres a high correlation here (though complete conjecture) that GOP base may have fewer members who have graduated with non economically productive degrees and 10-200k of school debt. For every person that graduates shackled to their student debt, the fed has another willing tax-payer who appreciates high inflation.
Similarly i would assume the upper percentiles in both parties are happy to see high inflation as it reduces the cost of your multiple million dollar debts.
The people getting it the worst will be folks who work for a decent amount of money, have very little debt, and arent hedging / bitcoining their savings.
Im assuming the fact that consumers arent saving has to do with them trying to avoid watching their savings shrink 6%