garynargi

How Inflation Helps Keep the Rich Up and the Poor Down

In Uncategorized on May 31, 2014 at 4:01 am
How Inflation Helps Keep the Rich Up and the Poor Down
Because it partially shields the political and economic establishment of the country from the competition of a free marketplace, inflation puts a brake on social mobility. The rich stay rich (longer) and the poor stay poor (longer) than they would in a free society.
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