Re:Hard Problems in Cryptocurrency: Five Years Later
by seibelj on Sunday November 24, 2019 @10:29AM
(#21620942)
Inflation is good for governments who want to reduce their debt obligations denominated in their own currency, and it encourages economic activity.
It’s bad if you have little money, your wages don’t raise automatically with inflation, and every year what little you have has been reduced in value 1 to 10%.
I as a homeowner with a government-subsidized 30 year fixed rate mortgage love it however, as what I pay for my asset each month is less and less as inflation helps me and the tax payers finance my wealth creation. Renters, not so much!
It’s bad if you have little money, your wages don’t raise automatically with inflation, and every year what little you have has been reduced in value 1 to 10%.
I as a homeowner with a government-subsidized 30 year fixed rate mortgage love it however, as what I pay for my asset each month is less and less as inflation helps me and the tax payers finance my wealth creation. Renters, not so much!