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inflation always favors debtors.
Or more accurately, inflation has in the past favored debtors. That's not a guarantee it will always do so, particularly in an economy shedding millions of jobs and producing little or no increase in income for the majority of those who remain employed.
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Remember what people thought when John Keynes advised then president Roosevelt to run a defecit. And yet that was exactly what got us out of the depression and allowed our economey to thrive.
This isn't the Depression. We are in the midst of an economic collapse based on a real loss of real wealth to other nations. Short-term bridges buy time, but that's of little use without an internal, self-sustaining mechanism for the production of wealth. Western governments have so far failed to address this core issue.
'08 America Blue/White; Custom Headlamps, Custom Lowers, Clearview 20", Bafflectomy
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