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Topic: Inflation and social mobility - there has to be a relation - page 2. (Read 219 times)

legendary
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Merit: 1575
Do not die for Putin
Inflation eats up any store of value in cash or cash equivalents. It is always in favour of the debtors and against the lenders, since paying any debt with weak money is much easier (if in doubt, just consider that you have a debt in Venezuelan Bolivars.



Thus, when inflation strikes the wealthy cannot just sit on the cash, they have to buy assets and that implies a certain risk. This risk may create opportunities to other to change their living. Is there any study about it?

Regarding bitcoin, mostly deflationary as of now and limited, does it hinder social mobility now that has reached a bit of a more mature stage?
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