News for hackers. Stuff that matters.

A comment on In Fed and Out, Many Now Think Inflation Helps. Parent comment

Re:In Fed and Out, Many Now Think Inflation Helps by GeneralMayhem on Sunday October 27, 2013 @11:59PM (#6625045)
Except the average person sees the exact same benefit, ideally. It's the same platform William Jennings Bryan campaigned on way back in 1896 - expanding currency helps people who have debt.

Inflation makes the past matter less. It erodes both the wealth of the super-rich and the debt of everyone else (the farmers who had to mortgage their farms in 1896; the normal family now who has a home mortgage as the norm). That's very attractive to a lot of people, not just those managing the national debt.

[ Parent | on HN ]
Re:In Fed and Out, Many Now Think Inflation Helps by jswinghammer on Monday October 28, 2013 @12:54AM (#6625223)
The basic problem is that you're playing the devil's game when it comes to debt. You might think you are getting the upper hand but the house always wins. The banks always win in this scenario because they get bailed out when they lose and they collect your interest when you "win". It becomes difficult to see how this scenario helps the common man.
[ Parent | on HN ]