Economy Dive Trip

[alwayssummer]

Don't expect any of those prices to be accurate. Prices everywhere have increased exponentially.

Inflation sucks. Unless you happen to be a big borrower...

 

[Shawn C]

Inflation sucks. Unless you happen to be a big borrower...

Ummmm why? Interest rates go higher in times of inflation which cost borrowers, big and small, more money.

 

[alwayssummer]

Ummmm why? Interest rates go higher in times of inflation which cost borrowers, big and small, more money.

Good catch! I should have been more precise. It's good for people who have already borrowed and then get to pay back their loans in cheaper money.