Comment on Is it possible that the rich are so rich that they have created inflation?

Eddyzh@lemmy.world ⁨3⁩ ⁨days⁩ ago

If you have debt, like owning a house on a loan. Or a company or whatever. And your debt is greater than your wealth(equity).

Then inflation makes you richer. Since your debt gets less worth while for example your house very often does get even more Worth.

Now if you have more money invested in stuff that most of the time has (much)better return than inflation. You still get richer.

source
Sort:hotnewtop