au contraire. While I agree with most of what you say, inflation does away with debt, at least debt in dollar denominations.
If one has a mortgage for 100k and the dollar itself loses 100 times it's value in a year, wouldn't owing that then be like owing 1000 today?
It may actually benefit debtors but wipe out savings as well. I am not saying this is a good thing, just stating it as I think it is.
Elasaltaculos 2 years ago
You go Alice....well said...hit it all right on the head....end the FED.
PureNoEvil 3 years ago
This has been flagged as spam show
9/11 was an inside job.
persona19 3 years ago
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au contraire. While I agree with most of what you say, inflation does away with debt, at least debt in dollar denominations.
If one has a mortgage for 100k and the dollar itself loses 100 times it's value in a year, wouldn't owing that then be like owing 1000 today?
It may actually benefit debtors but wipe out savings as well. I am not saying this is a good thing, just stating it as I think it is.
Elasaltaculos 2 years ago
You go Alice....well said...hit it all right on the head....end the FED.
PureNoEvil 3 years ago
This has been flagged as spam show
9/11 was an inside job.
persona19 3 years ago