is everyone worse off because of inflation? why or why not?
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not if you have loan outstanding; and you are the borrower
can you just explain it little bit @Libniz
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