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submitted 1 year ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

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[-] hemko@lemmy.dbzer0.com 13 points 1 year 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 1 year ago

Directly. Yes.

[-] explodicle@sh.itjust.works 3 points 1 year 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

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