AntiCitizenOne Inflation erodes savings, but only wage inflation erodes debt. That's one of the reasons that inflation is to be battled.
14 September 2007, 19:49:03 GMT+01:00 – Like – Reply
David Farrer OK, but why should prudent savers (often pensioners who carefully avoided borrowing too much) find he value of their savings eroded by the inflation caused by the printing?
4 September 2007, 20:56:13 GMT+01:00 – Like – Reply
AntiCitizenOne Sorry I think you miss my point.
Printing dollars creates asset inflation and doesn't necessarily create the wage inflation that would erode the debt for those who messed up and borrowed too much.
I'm hyper anti-inflation.
4 September 2007, 08:20:10 GMT+01:00 – Like – Reply
David Farrer Not so.
Some of us work to pay off our debts. Inflation robs the prudent.
3 September 2007, 07:13:18 GMT+01:00 – Like – Reply
AntiCitizenOne It's only wage inflation that erodes debt.
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ReplyDeleteAntiCitizenOne
Inflation erodes savings, but only wage inflation erodes debt. That's one of the reasons that inflation is to be battled.
14 September 2007, 19:49:03 GMT+01:00
– Like – Reply
David Farrer
OK, but why should prudent savers (often pensioners who carefully avoided borrowing too much) find he value of their savings eroded by the inflation caused by the printing?
4 September 2007, 20:56:13 GMT+01:00
– Like – Reply
AntiCitizenOne
Sorry I think you miss my point.
Printing dollars creates asset inflation and doesn't necessarily create the wage inflation that would erode the debt for those who messed up and borrowed too much.
I'm hyper anti-inflation.
4 September 2007, 08:20:10 GMT+01:00
– Like – Reply
David Farrer
Not so.
Some of us work to pay off our debts. Inflation robs the prudent.
3 September 2007, 07:13:18 GMT+01:00
– Like – Reply
AntiCitizenOne
It's only wage inflation that erodes debt.
be careful what you wish for,
3 September 2007, 00:02:44 GMT+01:00