5 ms·
If your money is in dollars they can take your money any given Tuesday by devaluing the currency.
by mkoubaa 2y ago
If your money is in dollars they can take your money any given Tuesday by devaluing the currency.
- esafak 2y agoNah, that harms them too.
- skulk 2y agoNot really, since the value in currency of their assets goes up while the compensation for labor goes down.
- codr7 2y agoAlso, they can print as much as they need to stay ahead.
- mkoubaa 2y agoIt harms them politically, if they were accountable to voters.
- ty6853 2y agoThe inflationary effect is least pronounced at the source. For moderate expansion rates they generally win.