Nah, inflation does erode un-invested wealth over the years, but it doesn’t evaporate the $30 in a poor person’s pocket faster than they can spend it. Poor people don’t earn enough to accumulate...
Examine that first statement again with anyone living in a high to hyper-inflating economy.
The second statement makes no sense to me. If you have no wealth, inflation hits you the hardest. This is undeniable. Rising costs of goods and services means you have less.
A surefire way to distort labor markets is fiat currency and expanding government interventionism.
The second statement makes no sense to me. If you have no wealth, inflation hits you the hardest. This is undeniable. Rising costs of goods and services means you have less.
A surefire way to distort labor markets is fiat currency and expanding government interventionism.