Earlier quoted context omitted.
Inflation is an extreme handout to the wealthy. Money is by definition zero sum, otherwise the word "inflation" would have no meaning. There are good questions around what an over leveraged loan is, but fundamentally, the supply of money is to some degree fixed at any given moment. The wealthy and powerful keep their money in tax benefited, inflation tracking assets. Many of those assets are stocks, and a major busin…
> Money is by definition zero sum, otherwise the word "inflation" would have no meaning. Not sure that I agree, nor that the one follows from the other. Without having the advantage of an Economics degree, I have witnessed when rising tides have lifted all boats and a majority of U.S. society benefited. Perhaps "wealth" is not a zero sum. And if that is case, talking about "money" is orthogonal. We should talk instea…
It might seem like it would sound impressive to say that someone has $20k/month of disposable income, but not so much if the housing market has gone crazy and groceries have become scarce and they have to spend $15k/month on a small apartment and barely enough food to feed themselves.