2 ms·
That sounds sideways or wrong. Poor people don't necessarily have debts. They don't have income or assets. Indebted people like inflation because their debt is
by quantified 2mo ago
That sounds sideways or wrong. Poor people don't necessarily have debts. They don't have income or assets. Indebted people like inflation because their debt is worth less _if they can find increased income to pay it down_.
Inflation is bad if you _don't_ have assets. Asset prices inflate too. Your car becomes more valuable simply because other cars are more valuable. Etc. Income is what is stuck because it's an agreement between you and another party to pay you, and that needs to be renegotiated.