a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
kleinbl00  ·  702 days ago  ·  link  ·    ·  parent  ·  post: Pubski: June 8, 2022

Dude you're arguing that the money owed on credit cards is subject to inflation. Inflation is good for debt it makes it more worthless. This is why countries with a lot of debt (Weimar Germany, Zimbabwe, Argentina and Russia in the '90s) pursue inflation - if it's denominated in their own money, they can inflate it away to nothing.