"Basically, inflation redistributes wealth down the scale of both wealth and age, while deflation does the reverse."See:
Here be dragons of economics, politics, and news ... traditionally non-partisan, but we've got to admit that we find one of the parties makes that rather hard to maintain in the present day
Wednesday, July 9, 2014
Inflation, Deflation, and Redistribution
As Paul Krugman points out in a couple of recent articles, it's worth considering whose interests are served by high interest rates and low inflation, or as Krugman calls it, hard-money ideology.
Labels:
deflation,
inflation,
redistribution
Tuesday, July 1, 2014
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