On the flip side, we’ve seen with inflation that just amazing amounts of debt have been created, with consumers massively underwater spending way beyond their means, leading to things like house values blowing up completely unsustainably.
So inflation is not automatically better, it’s just a different kind of bad.
On the flip side, we’ve seen with inflation that just amazing amounts of debt have been created, with consumers massively underwater spending way beyond their means, leading to things like house values blowing up completely unsustainably.
So inflation is not automatically better, it’s just a different kind of bad.
Economists would call this leveraged economic growth and not consider it a bad thing.