Quote:
Originally posted by Rodney
I kind of like the idea of deflation myself. But if you're carrying a lot of debt (like about half of everybody), deflation will hit you in the shorts. Because you'll be paying back your debt with dollars are worth more than the ones your borrowed. Say a dollar bought a hamburger when you took out your loan but, after deflation, that burger can be had for 75 cents. You borrowed dollars that could each buy a hamburger, but under deflation you're paying back the loan with dollars that can buy 1.33 hamburgers. Not a good deal for you.
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Add to that, the fact that what you took your loan out for most likely depreciates in value anyhow.
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seretogis - sieg heil
perfect little dream the kind that hurts the most, forgot how it feels well almost
no one to blame always the same, open my eyes wake up in flames
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