Sorry, I should have clarified net debts. The size of your gross debt is irrelevant because the asset side is also being inflated away. Net is all that matters.
(Yes, there are asset classes that're historically good at being protected against inflation. But they typically represent a small part of a portfolio)
There is no conspiracy here. The implication that the Fed works to enrich the richest is a really dangerous and ignorant thing to perpetuate. The Fed is one of the very few things that offers some protection from unrelenting wealth inequality. It's hardly perfect, or immune from criticism. But attacking inflation itself as some conspiracy to enrich the already-wealthy is absolutely ludicrous.
> (Yes, there are asset classes that're historically good at being protected against inflation. But they typically represent a small part of a portfolio)
Isn't it the other way round? If you invest in shares, real estate or even gold, you don't need to care about inflation? Only fixed income like bonds is bothered by inflation.
(By moderate amounts of inflation. If the country you invest in descends into eg hyperinflation, the whole economy is going down, so shares won't hold up to well either.)
(Yes, there are asset classes that're historically good at being protected against inflation. But they typically represent a small part of a portfolio)
There is no conspiracy here. The implication that the Fed works to enrich the richest is a really dangerous and ignorant thing to perpetuate. The Fed is one of the very few things that offers some protection from unrelenting wealth inequality. It's hardly perfect, or immune from criticism. But attacking inflation itself as some conspiracy to enrich the already-wealthy is absolutely ludicrous.