The Picard Maneuver@lemmy.world to Curated TumblrEnglish · 2 days agoHow to fix the economylemmy.worldimagemessage-square164fedilinkarrow-up1472arrow-down117
arrow-up1455arrow-down1imageHow to fix the economylemmy.worldThe Picard Maneuver@lemmy.world to Curated TumblrEnglish · 2 days agomessage-square164fedilink
minus-squarehemko@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up13·2 days ago though rich people who have their wealth in debt would be hurt Aren’t the big loans interest rates tied to inflation though?
minus-squareexplodiclelinkfedilinkEnglisharrow-up3·2 days agoThey are, but the rate you’re offered in the first place includes the loss to inflation. Capitalists aren’t going to offer a losing deal.
Aren’t the big loans interest rates tied to inflation though?
Directly. Yes.
They are, but the rate you’re offered in the first place includes the loss to inflation. Capitalists aren’t going to offer a losing deal.