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by tor12 1629 days ago
> Inflation isn't a bad thing necessarily.

if you are already rich...

3 comments

If you are already rich then you are forced to invest your money for the benefit of workers. The fact that the rich own assets is not a mistake. They're supposed to own them. Savings must be invested, directly or indirectly or else people end up unemployed.
Inflation is worst for the rich with piles of cash sitting around (and it incentives them to invest which is beneficial too).

For workers it’s not a disaster if wages rise. For people with mortgages it can be great.

Absolutely no inflation ever is a bad thing - see the Great Depression.