Sorry, I have no idea. I can only repeat what I've read.
Others have compared inflation to taxation; both reduce capital over time.
So is the converse true? Does lower, or even negative, inflation favor the hoarding of wealth?
Others have compared inflation to taxation; both reduce capital over time.
So is the converse true? Does lower, or even negative, inflation favor the hoarding of wealth?
However, speculative increases (buying land for increase in prices, buying shares for increase in share price, etc) and rent seeking adds price but doesn't add real value/investment to the economy.