Re:The Worst Hyperinflations in History: Hungary in 1946 (2014)
by RobertoG on Wednesday February 14, 2018 @11:52AM
(#16377158)
Normally, the cronies are rich people.
Even if inflation could be advantageous, sometimes, for some people, hyperinflation don't benefit anyone, but it benefit rich people the less.
If you have liquid or even financial assets, you don't want inflation.
If somebody owns you money you don't want inflation.
If you want to hire cheap you don't want government spending in the economy and making workers more expensive. So, you have an interest in scare people about become the next Zimbabwe and all that.
We can be sure that the cronies are already in charge when a little inflation is sold as worse than unemployment for instance.
Even if inflation could be advantageous, sometimes, for some people, hyperinflation don't benefit anyone, but it benefit rich people the less.
If you have liquid or even financial assets, you don't want inflation.
If somebody owns you money you don't want inflation.
If you want to hire cheap you don't want government spending in the economy and making workers more expensive. So, you have an interest in scare people about become the next Zimbabwe and all that.
We can be sure that the cronies are already in charge when a little inflation is sold as worse than unemployment for instance.