Asset price inflation vs depreciation of debt in real terms. Wealthy people hold assets that are valued in currency. Depreciating currency causes those assets to go up in nominal terms, and additionally depreciating currency causes a flight to assets. Wealthy people (by definition) have more assets than non-wealthy people, hence this flight from currency to assets bids up the prices of assets.
> Everyone benefits from a depreciating currency, because inflation provides a buffer against deflationary spirals that lead to large recessions.
Thats a theory-laden and motivated explanation. Surely you can do better than just argument by assertion?
> Tell me exactly how inflation benefits only the ultra-wealthy and not anyone else.
Thats not my claim.
> I would suggest that you clarify this claim so it does not sound so much like a conspiracy theory.
I suggest you do your own research and discover that the central bank is very much fact and not at all theory.
Asset price inflation vs depreciation of debt in real terms. Wealthy people hold assets that are valued in currency. Depreciating currency causes those assets to go up in nominal terms, and additionally depreciating currency causes a flight to assets. Wealthy people (by definition) have more assets than non-wealthy people, hence this flight from currency to assets bids up the prices of assets.
> Everyone benefits from a depreciating currency, because inflation provides a buffer against deflationary spirals that lead to large recessions.
Thats a theory-laden and motivated explanation. Surely you can do better than just argument by assertion?
> Tell me exactly how inflation benefits only the ultra-wealthy and not anyone else.
Thats not my claim.
> I would suggest that you clarify this claim so it does not sound so much like a conspiracy theory.
I suggest you do your own research and discover that the central bank is very much fact and not at all theory.