> To not have the money that you want to spend is, to me, the definition of spending too much.
That's not how a reserve currency works. You borrow to fund growth and let inflation take care of the debt.
That's not how a reserve currency works. You borrow to fund growth and let inflation take care of the debt.
Inflation might take care of the debt, but it is terrible for currency holders.
Unfortunately, for people who live paycheck-to-paycheck, there's not much to be done besides wait for wages to catch up. And in general, wages don't keep immediate pace with inflation. The net result is that lower-income workers suffer the bulk of the consequences of high inflation.