7 ms·
People are not affected equally. Inflation benefits debtors, punishes creditors. It’s hardly fair and arguably a moral hazard. People that lived frugally and sa
by echoplex 4y ago
People are not affected equally. Inflation benefits debtors, punishes creditors. It’s hardly fair and arguably a moral hazard. People that lived frugally and saved their income essentially have subsidized risk takers that took on debt.
- zhoujianfu 4y agoTo play devil’s advocate, perhaps risk takers should be rewarded?