I believe that's because those at the top make thier money from banking. Inflation is then a positive because the assets the money are secured on will appreciate in terms of the fiat currency. Plus they get the interest payments of course.
I wonder if anyone has done longer term graphs back to when the £ was on the gold standard? Be interesting to see how much house prices changed by in period say 1800-1918
Jul 20, 2024
at
3:27 PM
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