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It can also be seen as a form of wealth redistribution. People who have the flexibility to change their prices or wages in sync with inflation won't see its eff
by analog31 3y ago
It can also be seen as a form of wealth redistribution. People who have the flexibility to change their prices or wages in sync with inflation won't see its effects as much as those who are either locked into long term obligations or have less economic mobility.
- s1artibartfast 3y agoThis doesn't hold up because there are a number of ways to invest your wealth to protect it from inflation.
- analog31 3y agoMany workers have little or no wealth to invest, and possibly limited job mobility.