Reply #53: There is no "having it both ways"

[Taitertots]

Adding them is meaningless because it conflates the suffering associated with millions or people losing their livelihoods with the mild inconvenience of a 1% price change. Do you believe that the suffering from 1% inflation is equal to the suffering caused by forcing millions of people out of work.


The only people that inflation "makes poorer" are people who are holding a lot of cash i.e. the wealthy. While the poor have copious amounts of debt and almost no cash holdings, which means inflation benefits them. Only the wealthy are hoarding enough for inflation to hurt them.