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Re:What the world will be like in a hundred years (1922) by Manuel_D on Thursday January 06, 2022 @07:16PM (#29832734)
I think you're mistaking wealth with purchase of luxury goods. If someone has no money, and borrows to buy a fancy set of clothes they might be perceived as wealthy by onlookers but they still have no money. Worse, even, as the interest on that loan will make them even poorer to the point of having a negative net worth. If you owe more than you own, you are not wealthy as you have negative net worth. Inflation someone in your situation precisely because they aren't actually wealthy: they owe more than they own.

This is exactly my point: someone who borrowed money for, say, university or to buy a house or a car is helped by inflation. By comparison wealthier people who are more likely to have bought those assets outright, are not. And the wealthiest people who are - directly or indirectly - the ones lending out money to other people see their wealth transferred to the first group.

Re:What the world will be like in a hundred years (1922) by Spooky23 on Thursday January 06, 2022 @11:47PM (#29835014)
Some debtors and people who own hard assets benefit from inflation.

People with more ephemeral assets and in service business are harmed by inflation. The service sectors in particular are full of low quality, debt-laden companies who can’t withstand interest driven financial stress.