Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Jerome a Paris:
Asset owners, in particular financial asset owners, are protected at the expense of workers. Austerity ensures that, but it can certainly also happen under devaluation/inflation, depending on which policies go along.
Debt Asset owners are not protected by inflation. That's the whole origin of the Bundesbank policy, Austrian economics and Goldbuggery in general.

Inflation helps the owners of productive assets if higher prices allow them to pocket higher margins. Other than that, inflation is bad for the wealthy.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Wed Apr 13th, 2011 at 08:24:25 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Brexit: Get on with it already?

by Bernard - Jun 26
41 comments

Spain votes again

by Migeru - Jun 26
62 comments

Defeat from the Jaws of Victory

by rifek - Jun 27
41 comments

Reversing Brexit?

by Frank Schnittger - Jun 25
97 comments

Should I vote for Brexit?

by tyronen - Jun 22
38 comments

Recent Diaries

Occasional Series