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tor12 | 4 years ago

> Inflation isn't a bad thing necessarily.

if you are already rich...

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imtringued|4 years ago

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.

topranks|4 years ago

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.

endisneigh|4 years ago

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