re: Inflation rises 7% over the past year, highest since 1982

quote:

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printing all this money feels like an almost deliberate way to take money from people who have it (eroding wealth) and giving it to people who don't (inflation makes mortgages/student loans effectively smaller).

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While inflation is a massive problem, I think it’s kind of an odd take that mortgages becoming “effectively smaller” would be considered an erosion of wealth, considering property equity is historically the largest driver of middle class wealth accumulation.

Non-real property equity is certainly getting tanked, though.