https://www.zerohedge.com/markets/us-food-banks-struggle-feed-hungry-amid-perfect-storm-food-inflation
🇳🇱
@hector Actually inflation can help the poor or hurt the poor. It isnt as simple as you or the article might suggest.
As a general rule (though it is more complex than this) very slow and moderate inflation is good. Fast inflation, or worse yet hyperinflation is bad.
when inflation is good is more or less good for everyone. When its bad its more or less bad for everyone.
A healthy economy will be one with a fairly low, but >0 inflation rate.
@hector
Not really correct. The benefit of inflation is it encourages money to be invested rather than hoarded. This encourages wealth generation ad opposed to wealth stagnation.
The reason it tends to be more a burden on rich than the poor is the rich are more able to sit on money than the poor. But the difference is small
@hector I never made any claims that central banks or their tactics were good. I argued only the point that low but non-zero inflation is a good thing. There is quite a bit messed up about the current monetary system beyond that point.
@hector
Btw nothing i said has anything to do with keynesian economics btw. It is a concept that is accepted by virtually every model of economics there is simply because it is so obvious and easily verified.