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A comment on A 600-Page Textbook About Modern Monetary Theory Has Sold Out. Parent comment

Re:A 600-Page Textbook About Modern Monetary Theory Has Sold... by locust101 on Friday May 31, 2019 @06:35PM (#20065684)
A lot of assets of rich people are protected against inflation. Real estate, stocks, art protect against inflation much better than the cash in the savings account earning <1%.
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Re:A 600-Page Textbook About Modern Monetary Theory Has Sold... by dnautics on Friday May 31, 2019 @08:06PM (#20066205)
Well also the existence of inflation creates the need for the middle class to participate in low buy-in/aggregatable liquid inflation-proof asset classes. This has largely been fulfilled with stocks and stock-backed mutual funds, which means that inflation drives the middle class to finance the risky business adventures of the wealthy.
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