Inflation For The People

[Igel]

1. A lot of people fall in the first category, too.

And while we like to think that what helps "we the people" only hurts those wealthy who are "they, not the people" in fact a lot of retirees also rely crucially on savings.

When there's high inflation, you also see interest rates skyrocket. They can be wonderful for investors--my father invested at a pretty good rate and it took years for the high-interest instruments to work their way out of his retirement account. But if you're borrowing, you don't want to go there. Not that common folk ever borrow money.


I especially like that exhortation at the end of the snippet you posted. First, think about your self interest--and then make sure that what affects everybody works to your own benefit. Very, uh ... never mind.