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The poorest tend to have loans, car, mortgage, etc. and no significant cash, so inflation helps them by lowering their effective debt. Fiat has never been a go
by ChrisLomont 5y ago
The poorest tend to have loans, car, mortgage, etc. and no significant cash, so inflation helps them by lowering their effective debt.
Fiat has never been a good store of wealth, ever, in any country, in any time. Nothing there has changed, despite your beliefs. And pretty much no one with much long term savings keeps it all in cash, there's too many better places to save.