3 ms·
Rent isn't paid with debt, so is very different. You don't get to make magic money out of nothing to pay rent. But with the way the Fed is running things, almos
by wavepruner 7y ago
Rent isn't paid with debt, so is very different. You don't get to make magic money out of nothing to pay rent. But with the way the Fed is running things, almost anyone can create magic money out of nothing and buy a house. The money the bank lends you did not exist(save for the reserve requirement) before the loan was created.
Also, inflation requires increasing demand for it to occur. The existence of increasing demand does not mean it's not inflation. That's why goods/services with no increasing demand do not inflate in an inflationary economy. Inflation has always been an uneven phenomenon.