I’m not sure what OPs argument is, but maybe it’s something like, if we have very high inflation the rich will actually lose money as their savings have less value. While at the other hand wages go up.
This argument is flawed, as the rich usually don’t have savings, but investments. Those will actually just go up with inflation. Like if you invest in stocks, gold or houses, all of those will go up in times of high inflation.
So printing money is just going to screw the middle class with some savings in the bank. It’s also going to screw young people that don’t own a house.
I’m not sure what OPs argument is, but maybe it’s something like, if we have very high inflation the rich will actually lose money as their savings have less value. While at the other hand wages go up.
This argument is flawed, as the rich usually don’t have savings, but investments. Those will actually just go up with inflation. Like if you invest in stocks, gold or houses, all of those will go up in times of high inflation.
So printing money is just going to screw the middle class with some savings in the bank. It’s also going to screw young people that don’t own a house.