3 ms·
Inflation, or decline in purchasing power of the currency, is bad for savers and those who rely on fixed incomes. It is also bad for deeply indebted governments
by landemva 5y ago
Inflation, or decline in purchasing power of the currency, is bad for savers and those who rely on fixed incomes.
It is also bad for deeply indebted governments when they try to roll over their debt instead of actually paying it down.