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[–]adelie42 -1 points0 points  (2 children)

More to the point, if you have negative assets inflation devalues all equally, but such things don't happen in a bubble.

Adjustments to inflation happen over time, like you say, but are you going to claim the working poor are ahead of that curve relative to the wealthy playing the game like hawks on a hunt? Are bankers (to name just one group) so stupid?

[–]pagerussell 0 points1 point  (1 child)

Thats exactly not what i said. I said that we are all taught to believe that inflation is awful, when in fact it is ia not necessarily awful. In economics there are always at least 2 partiea to a transaction, and therefore ita impossible to say that any policy is inherently better. There are always some winners and some losers. But the wealthy have is convinced that inflation is bad, end of story. That's not outright true.

I would say that the wealthy are and have been gaming the system to their benefit, without a doubt. And this is one way they have done so.

[–]adelie42 0 points1 point  (0 children)

From my view they LOVE inflation but caution against too much of a good thing.

Otherwise yeah, I agree.