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That still depends on which inflation your talking about. Monetary inflation = money creation by definition. Whether that makes everyone poorer depends on othe
by _heimdall 2y ago
That still depends on which inflation your talking about.
Monetary inflation = money creation by definition. Whether that makes everyone poorer depends on other factors though, like how the money enters the money supply and what current market dynamics are.
Price inflation doesn't equal money creation though. Printing money can cause price inflation, but other things can as well. Printing money too slowly relative to the economy could actually not keep up, prices can fall even though the money supply increase. There may be a corner case or two, but I do pretty much agree though that price inflation makes everyone poorer.