Inflation Is Great If You're Already Rich

Inflation Is Great If You’re Already Rich

Tags: Booms and Busts

05/28/2021 Douglas French

We’ve seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you’re already rich in assets, inflation is a big nothing burger. But it’s a problem if you’re poor.

Original Article: “Inflation Is Great If You’re Already Rich“

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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