OohPooPahDoo
Gold Member
Deflations hurts -
people with business loans
people with home loans
people trying to get business loans
people trying to get home loans
Deflation helps -
wealthy people
This should be common sense, but it apparently isn't.
Think of it this way. If I've got half of all the money in the U.S. stuffed in my mattress, and the money supply contracts, I've still got the same amount of money - but you all out in the world struggling to get by needing lines of credit to start a new business or keep one running -will have less of it. Making it harder for you. and easier for me.
people with business loans
people with home loans
people trying to get business loans
people trying to get home loans
Deflation helps -
wealthy people
This should be common sense, but it apparently isn't.
Think of it this way. If I've got half of all the money in the U.S. stuffed in my mattress, and the money supply contracts, I've still got the same amount of money - but you all out in the world struggling to get by needing lines of credit to start a new business or keep one running -will have less of it. Making it harder for you. and easier for me.