OK, in a wealthy nation the wealthiest – the highest 20% by revenue not less than – undergo badly. The ‘Tater then says:
Will probably be no shock to anybody that the largest damaging impacts of inflation are on these within the poorest teams in society and that comparatively talking these in higher-income teams do a lot better.
Jeez, can’t he even learn a chart lately?
However there’s what the IMF name a shock final result for governments:
FFS, they did;t name it a shock final result. They mentioned that shock inflation lowers the debt to GDP ratio for the federal government, anticipated inflation doesn’t. One thing we’ve all identified for getting on for a century now. In any other case often called you possibly can solely inflate your method out of debt if nobody expects the inflation.