4 ms·
People get poorer on a real basis and the debt gets diluted to a reasonable level. After enough inflation things can stabilize again.
by tmn 4y ago
People get poorer on a real basis and the debt gets diluted to a reasonable level. After enough inflation things can stabilize again.
- echoplex 4y agoPeople are not affected equally. Inflation benefits debtors, punishes creditors. It’s hardly fair and arguably a moral hazard. People that lived frugally and saved their income essentially have subsidized risk takers that took on debt.
- zhoujianfu 4y agoTo play devil’s advocate, perhaps risk takers should be rewarded?