As a counter, inflationary systems slowly transfer more and more wealth from those without assets, to those with.
It might be different if wages grew at the same rate as inflation, but they rarely do.
The standard target rate of 2% inflation does not take into account the deflationary effects of ever increasing technology / efficiency. So in reality, it's much higher then the 2% stated figures.
It might be different if wages grew at the same rate as inflation, but they rarely do.
The standard target rate of 2% inflation does not take into account the deflationary effects of ever increasing technology / efficiency. So in reality, it's much higher then the 2% stated figures.