Sure it can. It can literally print more money. Plus it can divert funds from stuff we over spend on that we don’t need. Like the military
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Replying to @ArkerHassan @RealRyanWhorton
Hyperinflation has very little to do with the situation we're in (it's basically always the result of a government being forced at gunpoint to pay off a debt to an external creditor), but I guess that's a little too complicated for middle school
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Replying to @ArkerHassan @RealRyanWhorton
Deflation would instead force everyone to be poor by forcing everyone to stop working
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If the price of everything doubles, and my wages go up by 1.8x, I'd come out well ahead - my mortgage wouldn't double! Sure, a lot of very rich people with a lot of assets would lose a lot of value, but they'd still be pretty rich afterwards. Let that money printer go brrr!
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If you're carrying debt, like a mortgage, then you have negative wealth, and inflation, by decreasing the value of your debt, makes you wealthier
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Uhhh no, the whole point is the face value of the debt isn't inflation-adjusted Dude I just told you, this is the whole reason hyperinflation happens at all, Weimar Germany brute-forced their way out of the payments required by the Treaty of Versailles
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