3 ms·

It devalues everyone's hard work, other than the ones who will benefit from it. Then people complain about the wealth gap.

• genericuser314 6y ago
  In the United States, most people are in debt. When you're in debt inflation doesn't devalue your hard work... it devalues your debt. For most people in the United States, some inflation would be objectively positive. [0]: https://www.bankrate.com/personal-finance/debt/average-american-debt/ https://www.bankrate.com/personal-finance/debt/average-ameri...
  • gher-shyu3i 6y ago
    It definitely devalues your hard work, it becomes very difficult to save. Some people don't want to go into debt because they don't engage in usurious transactions.
    • genericuser314 6y ago
      In fact, I've never met anyone who wants to go into debt, and yet here we are in the real world where "The bottom half of Americans combined have a negative net worth," [0]: https://www.businessinsider.com/bottom-half-of-americans-negative-net-worth-2019-5 https://www.businessinsider.com/bottom-half-of-americans-neg... In objective reality, setting aside philosophical objections to usury, since inflation devalues debt as well as savings it is a net benefit to the above mentioned Americans.
      • gher-shyu3i 6y ago
        We wouldn't be having this discussion in the first place if people refused to engage in usury.