[quote=patientrenter]
It goes deeper than this. Inflation brings with it a transfer of wealth from savers to borrowers. [/quote]
Only if your savings are dollar-denominated. The working and the middle class will be crashed by inflation. The higher up you are the more access to alternative vehicles you have.
The working class in particular will suffer. Your only capital is your labor in an environment where labor is in high supply and the manner of compensation is devalued significantly between the moment you negotiate the compensation and the moment you get compensated.
Imagine getting paid net 30 or net 60 with annual inflation of 100%.
