To Ciro Santilli, a key observation is:Clearly the rich will be much, much more shielded by keeping large parts of their wealth in shares... from this point of view, it is insane to print money!!! Tax the rich instead...
The rich are more easily able to avoid the harm than poor and middle-class people [...] they are more likely to have large amounts of non-cash assets to shield themselves from inflation.
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Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power. Essentially, as inflation rises, each unit of currency buys fewer goods and services, which means money loses value over time. There are several key concepts related to inflation: 1. **Measurement:** Inflation is commonly measured using price indices, such as the Consumer Price Index (CPI) or the Producer Price Index (PPI).