Since most of us have both financial liabilities and assets, there is no simple conclusion to be drawn other than to say net creditors do worse and net debtors do better.ReplyDeleteRepliesNoah Smith9:45 AMSo does deflation make real wages go up?DeleteReplydwb8:17 AMActually, inflation makes homeowners and other people who own leveraged real estate richer (to the extent inflation is higher than ant