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by murgindrag 1749 days ago
No, you're not diluting wealth unless you're sitting on a Scrooge McDuck pile of cash.

If you have investments or property, they go up with inflation. If you're leveraged, inflation is a huge win.

Inflation is a massive redistribution of wealth, but it's more complex than that. The debt-ridden lower classes benefits. The non-debt-ridden renter class is harmed. The mortgage-holding class benefits. And so on.

Inflation is good for folks with student debt too.

1 comments

Money isn't wealth. It really isn't. Anyone who thinks money is wealth is denying the existence of reality. After all, if money were truly wealth then we should try to contact aliens and sell the entire earth to them. We'd have all the wealth according to that logic.
Wealth is money made while sleeping.