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> if we all have 3-10% more money and things are 3-10% more expensive Who has 3-10% more money, exactly?
by cowpig 1y ago
> if we all have 3-10% more money and things are 3-10% more expensive
Who has 3-10% more money, exactly?
- yread 1y agoNot the people with savings account
- pmg101 1y agoAnyway with money invested in inflation-hedged assets. Also anyone with a wage since wages rise with inflation too (not always and not always immediately, but generally correlated).
- cowpig 1y agoNot abstractly. Specifically, in the United States, since COVID. The parent reply hand-waves away a point about bad policy by making an abstract point about inflation from money-printing, as if citizens of the United States are molecules in a thought experiment about the laws of physics, as opposed to individual people affected in specific (differing) ways by policies.