Re:World's richest 500 see their wealth increase by $1T this...
by JumpCrisscross on Wednesday December 27, 2017 @12:36PM
(#16016370)
> it's usually the wealthy that benefit from inflation
Inflation is a regressive feature of modern currencies. It transfers wealth from lenders to borrowers and away from investors. The degree to which it does so is a function of the amount of wealth one has.
Inflation is a regressive feature of modern currencies. It transfers wealth from lenders to borrowers and away from investors. The degree to which it does so is a function of the amount of wealth one has.