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A comment on Absent aid, few US cities will be able to avoid austerity. Parent comment

Re:Absent aid, few US cities will be able to avoid austerity by throwaway0a5e on Tuesday September 22, 2020 @06:18PM (#24560641)
Private debt is subject to inflation too.
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Re:Absent aid, few US cities will be able to avoid austerity by svachalek on Tuesday September 22, 2020 @06:30PM (#24560757)
What does private debt have to do with Fed policy?
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Re:Absent aid, few US cities will be able to avoid austerity by throwaway0a5e on Tuesday September 22, 2020 @06:39PM (#24560846)
Higher inflation reduces debt over time. You take on a mortgage and 10yr later paying it is cake because the debt doesn't track inflation whereas your pay does.
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Re:Absent aid, few US cities will be able to avoid austerity by Jarwain on Tuesday September 22, 2020 @07:56PM (#24561441)
That's only true if inflation is higher than the interest on your debt though, right?
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