2 ms·
It does when the poor are also in debt.
by ebiester 11y ago
It does when the poor are also in debt.
- lukeschlather 11y agoLower interest rates are good for debtors.
- ebiester 11y agoThey loaned under higher interest rates, and then deflation hits, that's bad. If nobody will refinance (often more true for poor people), this puts them in a double bind.