Quote:
Originally Posted by DAVES
That is and always has been the result of inflation. Inflation is good for debtors. You pay back what you owe with devalued dollars. Talk about debtors. Our national debt is 30 Trillion dollars. A sum I freely admit, some do not see it, an incomprehensible amount. Inflation as stated works well for debtors.
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Yup, and about 30% ($8B) of that thanks to the previous administration. Which is a completely unfair statement because while factual a significant amount of that was due to COVID, and was an appropriate use of borrowing money.
But, it is what it is.