One effect of inflation is that it tends to transfer wealth from creditors to debtors. Poor people are more likely to be debtors than creditors, so inflation would tend to work to their advantage. There was once a U.S. presidential candidate whose primary campaign promise was to cause inflation by increasing the money supply...
One effect of inflation is that it tends to transfer wealth from creditors to debtors. Poor people are more likely to be debtors than creditors, so inflation would tend to work to their advantage. There was once a U.S. presidential candidate whose primary campaign promise was to cause inflation by increasing the money supply...