The first paragraph is doing a tricky little sleight of hand. Yeah inflation reduces the power of a fixed wage. Nobody has that kind of fixed wage. The issues with wages and prices we face are not caused by inflation, which is really easy to compensate for.
The second part is just confusing. Inflation benefits the first to "receive/spend" new money? Receiving and spending are opposites, and inflation benefits anyone that's spending whether they got that money first or fiftieth.
alt Hacker News
The first paragraph is doing a tricky little sleight of hand. Yeah inflation reduces the power of a fixed wage. Nobody has that kind of fixed wage. The issues with wages and prices we face are not caused by inflation, which is really easy to compensate for.
The second part is just confusing. Inflation benefits the first to "receive/spend" new money? Receiving and spending are opposites, and inflation benefits anyone that's spending whether they got that money first or fiftieth.