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I don’t think you understand value. While the amount I owe on my mortgage is relatively less, the price I had to pay for those low interest rates was way higher

I don’t think you understand value. While the amount I owe on my mortgage is relatively less, the price I had to pay for those low interest rates was way higher than it would’ve been. The true value of something doesn’t magically go up because of inflation. Ultimately inflation still find people. Maybe that is worth it, to avoid deflation, but everything is ultimately in the exchange. If my house was worth 1 million bananas, printing more US dollars doesn’t make it worth more than 1 million bananas. Next thing you’re going to tell me is that wars are good for economies, because they cause an increase in spending.

vkou 5y ago
I didn't say your house goes up in value because of inflation. I say that the debt that is attached to your house goes down in cost, which is a net improvement to your assets minus liabilities. > If my house was worth 1 million bananas, printing more US dollars doesn’t make it worth more than 1 million bananas. Correct. But if you owe the bank a million dollars, and the cost of a dollar goes down, you'll still own a house that is worth a million bananas, but will have a smaller debt burden.