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0 pointsblatchcorn4y ago0 comments

I see your point in theory but in practice:

- poor people have less money to repay interest on the debt after buying necessities at an inflated price

- interest rates rise following inflation which will increase debt repayment costs and likely offset any benefits gained from debt being inflated away

- it is very rare for 'people' to actually issue loans, I imagine 99.99% of loans are issued by banks

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noduerme4y ago

Nonetheless, it's a great time to take on debt. (if you can get a fixed rate)

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