Re:Why the 2% Inflation Target? (2023)
by ponow on Saturday March 23, 2024 @05:42AM
(#39798647)
I wish I knew how to play that game. It's a game primarily played by the rich, and is part of the reason that the primary losers from inflation are poor.
[ Parent
| on HN ]
Yes, the printed money (whose value is "sucked" from the ones in your pocket) is given to those closest to the money printer, and they tend to be the very richest in society. It's called the Cantillon effect.