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Not entirely. Any fixed rate loans such as the mortgages or student loans that people hold today will be much easier to pay when inflation soars. So go ahead, s
by xwdv 6y ago
Not entirely. Any fixed rate loans such as the mortgages or student loans that people hold today will be much easier to pay when inflation soars. So go ahead, secure new loans, bundle home and auto and pay as slowly as possible until 25-50% inflation kicks in.
- m0zg 6y agoThat's how all those Russian oligarchs got rich. Borrow from the government (corrupt, of course), buy a factory, then a year later return pennies on the dollar. The ruble was falling so fast retail prices had to be updated twice a day for a while.