Lyn Alden
· 168w
One of the major issues with inflation is that it puts the onus on wage earners to try to keep up. A depreciating unit of account benefits the status quo and puts the burden of negotiation on the one ...
It's making sure the wages always keep going down if someone doesn't (can't) fight back. So when crisis hits and people can't ask for more money, everyone pays The Debt (by dillution).