- Joined
- Apr 23, 2018
- Messages
- 6,608
Bryan, the thing that bothers me about inflation is what it actually means. It means that the money you and I held yesterday is not worth as much today. It also means the hour you worked yesterday was worth more to you than the hour you worked today, because it would buy more. You are worth less, you are the loser. Who is the winner? Well, somebody gets rich every day, and the rich get richer every hour. Inflation is a name for the offset of wealth between me (small potatoes) and a billionaire. The billionaire loses NO money due to inflation, his portfolio assures it. All of the inflation losses are offset to the wage earning class. The less your money is worth to you, the more it is worth to someone who has enough of it to play the game. The profit they earn is the inflation cost we pay, dig?