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You make an interesting point about borrowing, but anther one to consider is the fact that borrowing (loans) can cause macro inflation. The problem with inflat
by runT1ME 16y ago
You make an interesting point about borrowing, but anther one to consider is the fact that borrowing (loans) can cause macro inflation.
The problem with inflation is it hurts the poor the most, and helps the rich. Anyone who owns assets, and especially income producing assets benefits from inflation. It's the rich who own companies, land, commodities, real estate, all things that raise in price when inflation occurs. However, the poor family who owns nothing, rents, and lives paycheck to paycheck deals with the rise in prices by simply going further into debt.