Re:Why the 2% Inflation Target? (2023)
by nickff on Friday March 22, 2024 @06:51PM
(#39795673)
>"This obviously isn't a problem for the rich, whose money is stored almost entirely in assets which by definition rise in value with inflation."
This isn't true (at least not by definition); no common measure of inflation uses the assets of the rich as a primary input. The closest thing you will find is OER, but that's unrelated to the stock market or other common assets used by the rich to park wealth.
This isn't true (at least not by definition); no common measure of inflation uses the assets of the rich as a primary input. The closest thing you will find is OER, but that's unrelated to the stock market or other common assets used by the rich to park wealth.