News for hackers. Stuff that matters.

A comment on I'm reading the FT and WSJ from 100 years ago each week leading to 1929. Parent comment

Re:I'm reading the FT and WSJ from 100 years ago each week l... by sanp on Sunday August 08, 2021 @01:18PM (#28108326)
Perhaps inflation was a concern in an economic system where 1) A physical commodity (Gold) was the store of value, and 2) Debt was not easily accessible.

Neither of these are true anymore and inflation now will be a reflection of true scarcity of a good / service (e.g., housing) as opposed to the transaction costs associated with procuring it...

[ Parent | on HN ]
Re:I'm reading the FT and WSJ from 100 years ago each week l... by leppr on Sunday August 08, 2021 @06:25PM (#28110716)
Access to debt is still difficult for those that will be hurt most by inflation of consumption goods (CPI in the US).

Furthermore it's also more accessible proportionally to existing wealth, which means inflation is in effect an inequality amplifier.

[ Parent | on HN ]
Re:I'm reading the FT and WSJ from 100 years ago each week l... by bequanna on Sunday August 08, 2021 @01:46PM (#28108564)
The familiar refrain of hubris the has preceded pretty much every crisis: “This time is different.”
[ Parent | on HN ]