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Inflation and the middle classes
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Post: #26
RE: Inflation and the middle classes
(01-28-2014 07:18 PM)Blaster Wrote:  Behavioral economics aside, price deflation favors people who have accumulated currency, while making it harder for new producers and consumers to get started.

Wait a minute, so people are rewarded for being responsible and saving their money? What a crazy notion..Your argument could easily be reversed. Price inflation favors firms that have already acquired assets. Or look at home buyers for instance. The baby boomer generation made a fortune just watching their house values go up. How many 25 year olds today own a home?
01-28-2014 07:43 PM
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