Conversation

@zoowar actually, moderate inflation only hurts those with parked money as it devalues it. Moderate inflation raises workers pay while eroding their debt. “Secrets of the Temple” is the best in depth analysis of inflation vs middle/lower class. But you can be sure it wouldn’t get to that. A credible threat of 5% inflation from a central bank would have money flowing into the productive economy, to avoid it literally eroding away in the Caymans et al.