Deflation is actually pretty awful for everyone, it creates a negative feedback loop that results in widespread job losses. The Great Depression was largely driven by a deflationary spiral.
This. It would hurt the average person, the average billionaire wouldn’t be affected too much. What’s necessary is a steady increase in the lowest wages.
Deflation is actually pretty awful for everyone, it creates a negative feedback loop that results in widespread job losses. The Great Depression was largely driven by a deflationary spiral.
Awful is subjective. There were still rich people during the depression.
This. It would hurt the average person, the average billionaire wouldn’t be affected too much. What’s necessary is a steady increase in the lowest wages.
Billionaires were literally created by inflation. It’s why you invest with them.