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A comment on I'm reading the FT and WSJ from 100 years ago each week leading to 1929. Parent comment

Re:I'm reading the FT and WSJ from 100 years ago each week l... by toastermoster on Sunday August 08, 2021 @07:00PM (#28110988)
Those who have borrowed money benefit from inflation though. If you have student loans or a mortgage, high inflation can work to effectively reduce how much you owe if salaries/wages go up with inflation.
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Re:I'm reading the FT and WSJ from 100 years ago each week l... by jbay808 on Sunday August 08, 2021 @09:59PM (#28111978)
Sometimes yes, sometimes no.

For example, inflation typically triggers interest rate increases. If your debt is fixed rate that's fine, but if it's not, it might get more expensive more quickly than you expected, and your wage increase might not cover it.

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Re:I'm reading the FT and WSJ from 100 years ago each week l... by Spooky23 on Sunday August 08, 2021 @07:37PM (#28111210)
Exactly. This is how the student debt process gets resolved.
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