For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.
For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.