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 ...
Inflation disrupts people’s lives in multiple ways:
1. Forces them to change jobs just to “keep up”.
2. Forces them to “invest” instead of “save”. Nothing wrong with the former, but it’s not for everyone and it shouldn’t be a “requirement”.
3. Forces them to buy hard assets as “investments”. Why not buy a home with a fixed mortgage and let the inflation take care of your debt for you?
1. Forces them to change jobs just to “keep up”.
2. Forces them to “invest” instead of “save”. Nothing wrong with the former, but it’s not for everyone and it shouldn’t be a “requirement”.
3. Forces them to buy hard assets as “investments”. Why not buy a home with a fixed mortgage and let the inflation take care of your debt for you?