I mean he’s right. Certain levels of inflation as long as it’s not out pacing wages or raw inputs or new capital of costs too much (essentially the reasources of a nation) is essentially a tax of existing wealth that cheapens debts.
He’s fucked all of those ifs, but glad to see he’s mentioned one economic idea in all of these years. He might be able to hold his own in a highschool debate in a few years at this rate
I mean he’s right. Certain levels of inflation as long as it’s not out pacing wages or raw inputs or new capital of costs too much (essentially the reasources of a nation) is essentially a tax of existing wealth that cheapens debts.
He’s fucked all of those ifs, but glad to see he’s mentioned one economic idea in all of these years. He might be able to hold his own in a highschool debate in a few years at this rate