2 ms·

Inflation does not provide any benefit.

• wqaatwt 2y ago
  Thank you for this well developed argument.. It obviously does on the macro level. On the individual level perhaps not so much. Unless you have a lot of debt as quite a few people tend to do. Then it also has obvious benefits. Pre inflation standard bond yields were around 4-5%. Combine that with longterm deflation over several decades (e.g. late 1800s) and then consider how severely screwed you are if you have a mortgage on your farm..