06-11-2022, 06:18 AM
gabester wrote:
Simple economics:
Inflation sucks for wealth holders.
OTOH, it helps those who have debt.
We hear a lot more about it from the standpoint of the former because the holders of the wealth always seem to get the most speaking time for some reason.
“When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.”
“…with inflation, those segments in society which own physical assets, such as property, stock etc., benefit from the price/value of their holdings going up, when those who seek to acquire them will need to pay more for them ”
Inflation sucks especially for anyone on a fixed income.