473

submitted 4 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

162 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] hemko@lemmy.dbzer0.com 13 points 4 months ago

though rich people who have their wealth in debt would be hurt

Aren't the big loans interest rates tied to inflation though?

[-] Banana@sh.itjust.works 18 points 4 months ago

Directly. Yes.

[-] explodicle@sh.itjust.works 3 points 4 months ago

They are, but the rate you're offered in the first place includes the loss to inflation. Capitalists aren't going to offer a losing deal.

this post was submitted on 08 Feb 2025

473 points (96.6% liked)

Curated Tumblr

5351 readers

741 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

Here are some OCR tools to assist you in transcribing posts:

Don't be mean. I promise to do my best to judge that fairly.

founded 2 years ago

MODERATORS