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People, entities and states with debts benefit from the money they borrowed last year being worth less than it is today in terms of paying things back, debt to
by boredumb 4y ago
People, entities and states with debts benefit from the money they borrowed last year being worth less than it is today in terms of paying things back, debt to income, etc.
Also by using inflation to deteriorate savings and cash on hand, it encourages people to invest their money into something that won't lose value over time.