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Joya_h
Group Title
is everyone worse off because of inflation? why or why not?
 2 years ago
 2 years ago
Joya_h Group Title
is everyone worse off because of inflation? why or why not?
 2 years ago
 2 years ago

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Libniz Group TitleBest ResponseYou've already chosen the best response.1
not if you have loan outstanding; and you are the borrower
 2 years ago

Joya_h Group TitleBest ResponseYou've already chosen the best response.0
can you just explain it little bit @Libniz
 2 years ago

Libniz Group TitleBest ResponseYou've already chosen the best response.1
well, say you borrow $100 with 1 percent interest; so without inflation , you would pay at $101 the end of the year; let say there way inflation and money is worth half of what it did last year. so $100 you borrowed has only value of $50 now; so even though you are paying $101 , it is worth same as 101/5 it did when you borrowed it
 2 years ago

Joya_h Group TitleBest ResponseYou've already chosen the best response.0
ok, thanks for helping. so, can you write me a complete answer? "yes or no" and "why or why not"? thanks anyway @Libniz
 2 years ago

Libniz Group TitleBest ResponseYou've already chosen the best response.1
I think my answer was more than complete if you bothered to actually read it
 2 years ago
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