tag:blogger.com,1999:blog-2433734171708230599.post694684867928179507..comments2023-10-29T11:50:14.811-04:00Comments on Foundations of Economics: Who Benefits From Inflation? Those Who Get the New Money FirstShawn Rhttp://www.blogger.com/profile/02129241997834251648noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2433734171708230599.post-36569738417852113782010-10-20T13:50:14.961-04:002010-10-20T13:50:14.961-04:00Good question. I think part of the answer lies in ...Good question. I think part of the answer lies in the public at large, including the journalists who help shape the opinions of the public at large, are likely to view the situation from the perspective of the businessman. So they reason that if they were selling something it would be better for them if their selling prices rose a little rather than if they fell, because if they fell, their profits would fall.<br /><br />Plus, with the democratization of debt more and more people actually benefit from inflation because the purchasing power of the money they pay back is less than that of the money the received.Shawn Rhttps://www.blogger.com/profile/02129241997834251648noreply@blogger.comtag:blogger.com,1999:blog-2433734171708230599.post-64128337726892587092010-10-20T12:16:34.563-04:002010-10-20T12:16:34.563-04:00It is relatively easy to explain the disproportion...It is relatively easy to explain the disproportionate impact of inflation on different groups to students. Given that we can intuitively grasp the concept, why does the public still accept the canard that "moderate inflation is good for he economy"?Anonymousnoreply@blogger.com