News for hackers. Stuff that matters.

A comment on Why inflation is not a threat. Parent comment

Re:Why inflation is not a threat by ForHackernews on Sunday March 14, 2021 @01:08PM (#26456862)
> has to pay rent or make mortgage payments.

One of these things is not like the others. Inflation benefits debtors at the expense of creditors. If I owe $500,000 on a fixed-rate mortgage, I'm thrilled to see inflation because it makes my debt cheaper to pay off.

[ Parent | on HN ]
Re:Why inflation is not a threat by ric2b on Sunday March 14, 2021 @03:11PM (#26457931)
Only if your wages rise accordingly. And don't forget that your taxes are going up as well unless tax brackets are adjusted for inflation.
[ Parent | on HN ]