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Letting inflation run even higher risks a populist revolt? Inflation hurts everyone. It is particularly cruel to the poor and middle class, but business also
by starkd 4y ago
Letting inflation run even higher risks a populist revolt?
Inflation hurts everyone. It is particularly cruel to the poor and middle class, but business also suffers because it is an unpredictable business climate. Are you actually suggesting higher inflation would be the smart strategy if not for the pesky mob?
- nerdponx 4y ago"Big" business doesn't suffer, smaller businesses do. And from the perspective of legislation and regulation, smaller businesses tend to get the same shit treatment and regular people. If you believe the arguments of Matt Stoller, the current round of inflation isn't actually inflation, it's just coordinated price increases and corresponding profit increases by the biggest corporations. Definitionally, it's not inflation if wages aren't keeping up with consumer prices.