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by mojuba 1811 days ago
That's a great book, one of my favorites.

The wealth redistribution post-WW2 had more to do with the war itself than inflation though.

So back to the 21st century: what makes you think that those who have excess capital don't invest wisely? Compare that to lack of any excess capital for the majority.

1 comments

Lack of excess capital means inflation doesn't affect them as they have no capital to depreciate, as long as wages keep pace with inflation. The fact that the minimum wage doesn't keep pace with inflation is a huge problem, but the solution is to raise the minimum wage, not to throw out inflation.