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According to Chapter 9, Unanticipated Inflation can cause a redistribution of wealth from savers and can potentially benefit debtors. Multiple Choice There is no such
According to Chapter 9, "Unanticipated Inflation" can cause a redistribution of wealth from savers and can potentially benefit debtors. Multiple Choice There is no such thing as redistribution of wealth. The only way to redistribute wealth is to print lots of money. This statement is mostly true. For example, unanticipated inflation is usually harmful to elderly investors who usually invest in low fixed rate bank CDs. Only the government can redistribute wealth. Inflation has no way to redistribute wealth in society
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