Conversation

Daily reminder that the two main beneficiaries of inflation are asset holders and debtors. This is probably the true motivation for trying to stymie inflation: to make sure that soyim can't just get on their Wagyu grind for a few months and pay it all off, or in the case of hyperinflation, a couple days.

Imagine a Zimbabwe dollar scenario. Everybody with some combination of student loans, a car note, and a mortgage takes on a midnight shift McDonald's job for a couple weekends and ends up completely debt-free with a 800 credit rating.