The really sad thing about constant currency devaluation throughout the world is that it benefits those who have the most access to cheap credit at the expense of those who do not.
People on the lowe...
The cantillion-effect is in my opinion one of the most unerrated thing in Normieland. A friend of mine bought a house with a 5:1 leverage and he didn't thought 1 second about the consequences for him and for everybody else and about his immense privilege.