4 ms·
Everywhere I look I see the unexamined assumption that inflation is necessarily bad for everyone. I haven't be enable to find a straight answer on who it actual
by hypersoar 4y ago
Everywhere I look I see the unexamined assumption that inflation is necessarily bad for everyone. I haven't be enable to find a straight answer on who it actually benefits and who it hurts in the long run. I've found economics studies arguing contradictory conclusions. Wages, costs, debt, cash, stocks, and rent all react differently, and your experience of inflation depends hugely on what balance of these things you have.
Inflation and responses to it affect the distribution of wealth. When I hear an automatic response from "responsible" policymakers explain that some sacrifices will be needed to tame it (mostly not by them, of course), then I strongly suspect that we're headed for yet more accumulation of wealth at the top.