Inflation is always negative for society, says Doomberg. It is an "insidious tax" that disproportionally impacts those near the bottom of the economic pyramid. Wealth inequality leads to societal instability. The ever increasing inequality in wealth and income should give everyone pause, he says. "This is not bullish for societal stability. And ultimately we are all rowing in this boat together. If society starts to come apart at the seems as people's savings and their ability to provide for their family become threatened by the hidden tax of inflation, there aren't any good outcomes."
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