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At its heart inflation is just a wealth transfer from creditor > to debtor

That is one way to put it, but you could also say inflation punishes responsible people who work and save money, and rewards less responsible people who spend beyond their means.




This is what I call the "Paris Hilton is more responsible than my friends who were bankrupted over a medical debt" theory.

If you pretend that wealth is fairly distributed it makes a certain amount of sense.




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