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by msandford 3930 days ago
I agree that it's more complicated than that! Maybe for any 0.1% of change in the interest rate or inflation rate there is a marginal effect. But eventually quantitative differences become qualitative ones.

When the interest rate you pay is 4%, the inflation rate is 2% and the interest that you earn is 0.25% quantitative changes become qualitative ones at numbers that seem very innocuous.