3min chapter

Ones and Tooze cover image

Who Wins and Who Loses With Inflation

Ones and Tooze

CHAPTER

The Key Losers of Inflation Unprotected Debt

Workers whose wages have not adjusted in line with inflation are suffering very substantial losses. Government issues the largest quantity of inflation unprotected debt, and that's the government. The more tax you pay, the more you benefit from the a reduction in the real value of the debt,. which ultimately has to be serviced out of taxes.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode