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

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submitted 6 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

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[–] hemko@lemmy.dbzer0.com 11 points 6 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?

[–] Banana@sh.itjust.works 16 points 6 months ago

Directly. Yes.

[–] explodicle@sh.itjust.works 2 points 6 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.