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Don't be mean. I promise to do my best to judge that fairly.

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submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 13 points 3 months ago (2 children)

though rich people who have their wealth in debt would be hurt

Aren't the big loans interest rates tied to inflation though?

[–] [email protected] 18 points 3 months ago

Directly. Yes.

[–] [email protected] 3 points 3 months ago

They are, but the rate you're offered in the first place includes the loss to inflation. Capitalists aren't going to offer a losing deal.