Inflation makes goods aka stocks increase value, which makes rich fucks that live on loans be able to then ask another loan for a bigger amount to pay off the loan from before just because their assets passively rose in value.
It’s the scam by which the ultra rich live by doing absolutely nothing while the rest of us that are saving for a house or whatever see our savings year by year diminished.
Yeah fuck that.
ThrowawayPermanente@sh.itjust.works 1 day ago
If deflation was persistent, couldn’t debt have a very low or even negative interest rate?
explodicle@sh.itjust.works 1 day ago
Who would lend at a negative rate besides friends and family? Here’s a bar of gold, please give me back half a bar of gold in a year.
ThrowawayPermanente@sh.itjust.works 1 day ago
Yeah I don’t really understand that part either, but it has happened