Re:Ask HN: Lost Economic Theories: Printing Inflation-Free M...
by dnautics on Thursday November 05, 2020 @05:12PM
(#25002637)
That's very naive. Do you think bill gates net worth is tied up in dollars? By contrast. If you go to bayview hunters point and look around the houses, what do you think the net worth of any given person around you is going to look like?
Also, inflation is explicitly a policy designed for wages NOT to keep up. I don't know where you got the idea otherwise.
Also, inflation is explicitly a policy designed for wages NOT to keep up. I don't know where you got the idea otherwise.
https://krugman.blogs.nytimes.com/2010/02/13/the-case-for-hi...