Sign up, and you'll be able to vote in polls. Sign up
May 5, 2021
7:05:54am
warp All-American
the biggest problems with inflation are
(1) It destroys the purchasing power of seniors living on a fixed income and/or returns on a primarily fixed-income retirement portfolio

(2) It creates 'money illusion' that distorts the relative returns of various assets. Money illusion can cause society to overinvest in things like housing stock and underinvest in things like computers and factories.
warp
Bio page
warp
Joined
Oct 22, 2003
Last login
Jun 24, 2021
Total posts
4,988 (0 FO)