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by blululu
777 days ago
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You’re talking past the point I made. Losses weigh heavier than gains in human psychology. This is a pretty robust finding. Inflation necessarily means losses for everyone. These can be offset but people don’t necessarily come away feeling good about it. You can say that on average people are better off after the reshuffle (though not necessarily everyone), but even if wages are universally up people will not necessarily feel good about it. |
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This is the thing you're disagreeing with parent on, because it's not true if you can afford to hold the assets that are inflating.
Inflation doesn't happen in a vacuum: it's inflation-in-terms-of-____.
If you happen to own a lot of ____, because you have disposable income and can afford to invest, then your net worth "inflates" too.
Simple example: how does inflation of the price of gasoline at the pump impact you, if you own a refinery and a filling station? Certainly not in the same way it does to someone who owns neither and commutes to work daily in an ICE vehicle.