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A comment on The ransomware surge. Parent comment

Re:The ransomware surge by amelius on Friday April 30, 2021 @03:22PM (#26998066)
Monetary inflation can also be a good thing as it reduces wealth inequality and income inequality.
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Re:The ransomware surge by rawtxapp on Friday April 30, 2021 @03:54PM (#26998470)
More like increases inequality [1][2]. If you're rich, you have access to rock-bottom interest rates which you can then invest. If you're an average citizen, you watch all asset values (real estate to start with) soar while your income stays relatively stable.

1: https://www.clasp.org/blog/how-inflation-reinforces-economic...

2: https://www.theatlantic.com/ideas/archive/2019/11/income-ine...

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Re:The ransomware surge by bastiantower on Friday April 30, 2021 @03:52PM (#26998448)
It doesn't, quite the contrary. Poor and middle class people hold much more of their wealth as cash than rich people.
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Re:The ransomware surge by danuker on Friday April 30, 2021 @03:54PM (#26998465)
Only if the newly-created money is distributed, and doesn't just belong to the Federal Reserve.

As the system works now, the Federal Reserve prints the money and gets to spend it, and I can't imagine a more unequal income.

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