People are not affected equally. Inflation benefits debtors, punishes creditors. It’s hardly fair and arguably a moral hazard. People that lived frugally and saved their income essentially have subsidized risk takers…
Bingo. It’s completely idiotic to think there was no inflation. Nobody complained when the stock market doubled. Some people complained when the house market doubled. Everybody complains when energy prices double.
People are not affected equally. Inflation benefits debtors, punishes creditors. It’s hardly fair and arguably a moral hazard. People that lived frugally and saved their income essentially have subsidized risk takers…
Bingo. It’s completely idiotic to think there was no inflation. Nobody complained when the stock market doubled. Some people complained when the house market doubled. Everybody complains when energy prices double.