Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debts and can boost asset values, like homes. Read More
Source：https://fortune.com/2023/10/18/inflation-tax-made-1-middle-class-richer-nber-working-paper/
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
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