Actually being in debt is good if inflation goes out of control.
Actually being in debt is good if inflation goes out of control.
K…. How’s that?
K…. How’s that?
Inflation means money is worth less. So if you have $50k in debt and inflation skyrockets, that $50k might be the cost of a loaf of bread.
Germany experienced hyper-inflation after wwi and there are pictures of young children playing with bricks of cash because it was cheaper than buying blocks
Inflation means money is worth less. So if you have $50k in debt and inflation skyrockets, that $50k might be the cost of a loaf of bread.
Germany experienced hyper-inflation after wwi and there are pictures of young children playing with bricks of cash because it was cheaper than buying blocks
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