Seriously, inflation is a good thing. All that wailing about inflation- don’t believe the hype.
Wait, how can that be, if prices are going up? Well in theory wages are going up also, as well as the stock market, as well as real estate and rent.
Here’s what does not go up: fixed rate debt.
So, if you are wondering if you should be scared or happy about inflation, you should ask yourself if you have a bunch of fixed rate debt, like a mortgage or an expensive zero percent car loan. If you do, then you will probably benefit from a prolonged period of inflation. Your wage will go up, and your payments won’t. Sweet.
Why do none of the financial headlines talk about this? Because headlines on CNN etc are written by very rich people. Rich people don’t owe money- they have cash. Cash that deflates when there is inflation. Boo fucking hoo for rich people.
Yes, there are limits, and you don’t want to crash the economy. But a few years of 5% inflation with low unemployment would help a whole bunch of the lower and middle class in this country.
Maybe you, too.