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> the average person doesn't care too much about inflation is that he has more debt than assets What the average person forgets is that some people (and busine
by Scoundreller 4y ago
> the average person doesn't care too much about inflation is that he has more debt than assets
What the average person forgets is that some people (and businesses) have wayyyyyy more debt, so when it gets diluted, they're a net loser on average.
Kinda like getting a $1000 stimmy cheque while large capital owners gets their equity saved by government bailout money. Everybody wins something, but winning last place isn't a win when no real wealth was created.
- c22 4y agoHah! I spent my stimulus check before inflation!
- deleted 4y ago[deleted]