Joe Cooper 💾 (swelljoe@mas.to)'s status on Monday, 24-Jun-2024 06:22:10 JST

@tokyo_0 you reckon it's too high or too low? Some inflation is probably good for working class folks, as long as wages keep pace with it (which isn't a given, see the current US minimum wage that hasn't changed in 15 years), as it devalues assets of rich folks and working class folks assets, like a house with a mortgage, act as a hedge (cost of housing stays the same, while wages go up). But, too much inflation is an economic shock and wages tend to lag way behind, hurting workers.