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> We can say that inflation is good for those with assets If the assets are liquid ones not really; that's one of the reasons asset-holders start to clamor for
by emodendroket 4y ago
> We can say that inflation is good for those with assets
If the assets are liquid ones not really; that's one of the reasons asset-holders start to clamor for the Fed to do something when inflation is high. I read the introduction of Secrets of the Temple, which is kind of a counter-conventional wisdom explanation of how higher rates of inflation were salutary for regular people at the expense of the ruling class, and it was pretty compelling.