It's worse in an environment with inflation. Let's say I lend you money at no interest for a year, and let's say inflation is X%. Even if you faithfully pay m

It's worse in an environment with inflation. Let's say I lend you money at no interest for a year, and let's say inflation is X%. Even if you faithfully pay me back the full amount in a year, then I still have lost money. I need to collect X% interest just to break even.