Re:Ask HN: Lost Economic Theories: Printing Inflation-Free M...
by johbjo on Friday November 06, 2020 @05:32AM
(#25006604)
You're assuming inflation in wages, but not in prices. And there are relative differences in price inflation. Nowadays, assets typically inflate first, then wages and consumer prices. Prices can move faster than wages, so wages would inflate/deflate last.
So you have to imagine that your wage is fixed for the year, while your prices change every month or week.
So you have to imagine that your wage is fixed for the year, while your prices change every month or week.