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by jafaku 4697 days ago
Inflation is good for the rich's income. Deflation is good for the rich's savings. Seems like they win in both cases? Though I would argue they win more in the first case, since inflation don't necessarily force them to do something with the money. Eg: They could just sit on gold or real estate if they wanted to. But most rich people didn't get there by doing nothing, so they tend to do something anyway, no need to force them.