Re:What the world will be like in a hundred years (1922)
by zionic on Thursday January 06, 2022 @03:55PM
(#29830000)
No the wealthy love this because their debt becomes cheaper to service while their assets skyrockets. Inflation primarily hurts the non-asset owning poor.
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Re:What the world will be like in a hundred years (1922)
by pydry on Thursday January 06, 2022 @04:27PM
(#29830465)
Have you met the non asset owning poor? They have debt. LOTS of debt.
Re:What the world will be like in a hundred years (1922)
by throwaway0a5e on Friday January 07, 2022 @06:41AM
(#29837934)
The interest rates are high enough and the debt terms are short enough that they get screwed hard by relative buying power loss long before any of that matters.
Having your car loan evaporate over three years doesn't mean crap if you can't afford to make the payment after one.