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> Inflation isn't a bad thing necessarily. if you are already rich...
by tor12 5y ago
> Inflation isn't a bad thing necessarily.
if you are already rich...
- endisneigh 5y agoAbsolutely no inflation ever is a bad thing - see the Great Depression.
- deleted 5y ago[deleted]
- imtringued 5y agoIf 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 5y agoInflation 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.