The currency will be set to inflate at 0-3%, hedonically adjusted, by central banks. This rate is determined by averaging out costs of a consumer basket of goods, as determined by a central bank. The bank might determine a family only needs to spend 6% budget on college and 20% TVs. The currency will inflate accordingly. This policy benefits those who hold assets that increase in nominal value, as well as those who can access near 0% interest loans.
It's even worse when you take into account that technological goods are naturally subject to strong price deflation, so the explicit policy is for everything else in the average to rise. And that's still ignoring that slight price deflation is the inherent to market competition itself.
We're getting ever more productive, but the debt puppeteers insist on turning up the treadmill ever higher.
