Yep. Inflation, while bad for individuals with a bit of savings, is far worse for anyone with large amounts of liquid capital (banks, corporations).
High inflation benefits those in debt, by reducing the real PPP of their debt. Homeowners with mortgages are actually the biggest winners under hyperinflation. It damages those who give loans (again: banks, corporations).
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Yep. Inflation, while bad for individuals with a bit of savings, is far worse for anyone with large amounts of liquid capital (banks, corporations).
High inflation benefits those in debt, by reducing the real PPP of their debt. Homeowners with mortgages are actually the biggest winners under hyperinflation. It damages those who give loans (again: banks, corporations).