Why inflation is not a threat

Re:Why inflation is not a threat by dnautics on Sunday March 14, 2021 @12:58PM (#26456782)

Lower-income people when they are borrowing, are borrowing at very high interest rates (credit cards or payday loans) and inflation doesn't help those situations at all.

The wealthy are systematically benefitting from low-interest loans being reduced in value by inflation -- in the form of corporate bonds and leveraged trading (shorts, forex, margin accounts).

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Re:Why inflation is not a threat by xxpor on Sunday March 14, 2021 @01:01PM (#26456805)

Most rich are asset holders. No poor people are (by definition). Therefore higher inflation (to a point) is better for poorer people.

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Re:Why inflation is not a threat by dnautics on Sunday March 14, 2021 @01:05PM (#26456842)

Tell that to the manual laborer working a long shift and swinging by a mcdonald's to get a double cheeseburger because there's no time to make food and who has the energy anyways. Oh also, that double cheeseburger is now $2.19 instead of $1.69

Inflation is good for you!

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Re:Why inflation is not a threat by throwaway316943 on Sunday March 14, 2021 @05:24PM (#26459382)

Assets keep up with inflation much better than working class wages.

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Re:Why inflation is not a threat by xxpor on Monday March 15, 2021 @11:37AM (#26467238)

That might be true today, but wasn't during the last high inflation period of the mid-60s to early-80s.

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