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> The ones borrowing to get by are paying more money than what they borrowed to people who already had money to lend out. If you are in the Western hemisphere,
by csomar 6y ago
> The ones borrowing to get by are paying more money than what they borrowed to people who already had money to lend out.
If you are in the Western hemisphere, the interest rates are low (or negative) and the outlook of inflation is bleak. So it's more like the other way around.
- coderintherye 6y agoBy all means, please point us all to where we can get personal loans at negative interest rates.
- hfsp 6y agoA select few cantillionaires can get loans at effectively 0% rates. You are not a cantiollionaire, neither are other HN users. The rules are different for you than for those closest to the money printer.
- jeofken 6y agoThis is the logical conclusion of central planning in the currency market - where supply can be infinite and is controlled by monopoly, as opposed to currency bound to a real asset, or otherwise can’t be created from nothing such as bitcoin. Inflation hits those who have a salary, as their purchasing power sinks. The rich earn their income from owning capital, not from contracts where they trade hours per dollars.