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He also talks about inflation being a good thing in his books, that it keeps people from hoarding their money for "a rainy day".
But what is the rainy day that people save up for?
Retirement, college, a house, important things. Inflation hurts the poor the hardest, as it saps away at their savings and keeps them from accumulating wealth.
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[–] senpaithatignoresyou 0 points 2 points 2 points (+2|-0) ago
He also talks about inflation being a good thing in his books, that it keeps people from hoarding their money for "a rainy day".
But what is the rainy day that people save up for?
Retirement, college, a house, important things. Inflation hurts the poor the hardest, as it saps away at their savings and keeps them from accumulating wealth.