Kind of.
The debtors fuck everyone else by increasing inflation though.
That's why phones are so much and amazon let's you buy shit in installments now.
Kind of.
The debtors fuck everyone else by increasing inflation though.
That's why phones are so much and amazon let's you buy shit in installments now.
Inflation actually helps those with current loans. The value of the loans decrease as money is worth less. The amount you owe stays the same, but the value loan represents is worth less.
Inflation actually helps those with current loans. The value of the loans decrease as money is worth less. The amount you owe stays the same, but the value loan represents is worth less.
Inflation doesn't pass interest.
Inflation doesn't pass interest.
Interest doesn't matter unless you have a variable rate.
If you owe 100 bucks, but there is inflation, that 100 bucks wasn't worth as much as when you took out the loan. Now it is worth less. You still only owe the same 100. You actually win.
I'm sure there are places that can explain it better, but that is the TL;DR.
Interest doesn't matter unless you have a variable rate.
If you owe 100 bucks, but there is inflation, that 100 bucks wasn't worth as much as when you took out the loan. Now it is worth less. You still only owe the same 100. You actually win.
I'm sure there are places that can explain it better, but that is the TL;DR.
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