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It appeals to those that borrow money because it means their debt is being eroded through inflation.
by kiba 14y ago
It appeals to those that borrow money because it means their debt is being eroded through inflation.
- snitko 14y agoThat only means people will borrow less and the denial of capital some may face will be exactly to the extent to which they profit from deflation and hoarding. Borrowing is not the solution to all of the problems, yet it is pictured to be that precisely because of the perverted inflationary economy we currently have.
- tlrobinson 14y agoDon't interest rates generally factor in inflation? Also, perhaps it would be a good thing for some of us to borrow less money...