She lived in a New York hotel for more than 40 years. But her life was a mystery

Re:She lived in a New York hotel for more than 40 years. But... by tiahura on Wednesday November 15, 2023 @11:21AM (#38278414)

Are you actually trying to make the case that high interest rates are good for poor folks?

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Re:She lived in a New York hotel for more than 40 years. But... by salamandersss on Wednesday November 15, 2023 @11:26AM (#38278487)

I was not intending to make that case. Negative real interest in our real life reality where the better off have better access to credit nearly certainly hurts cash based poor by making homes etc cost less in real terms to the rich at the expense of inflating the poor.

Basically the poor have worse access to credit than other groups so when interest goes negative in real terms the poor pay for it.

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