Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?
If you have debt, like owning a house on a loan. Or a company or whatever. And your debt is greater than your wealth(equity).
Then inflation makes you richer. Since your debt gets less worth while for example your house very often does get even more Worth.
Now if you have more money invested in stuff that most of the time has (much)better return than inflation. You still get richer.
So for example after covid when inflation went high. Generally rich people got more rich on average.