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Debt Asset owners are not protected by inflation.

Potentially including all pensioners.

Inflation helps the owners of productive assets if higher prices allow them to pocket higher margins.

Except when imported raw materials make up a high part of their production costs.

Additionally, when inflation is chiefly inflation of imported food and heating fuel, that will disproportionately hit the poor.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Apr 13th, 2011 at 10:02:14 AM EST
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