senanthic on Nostr: "For borrowers, while inflation gradually erodes the value of borrowed money as wages ...
"For borrowers, while inflation gradually erodes the value of borrowed money as wages grow with inflation, deflation makes cash more valuable, making everyone's existing loans a heavier burden, discouraging borrowing."
in what fucking universe are wages growing with inflation? I'll fucking move there right now. fuck OFF.
https://www.cbc.ca/news/business/deflation-risks-interest-rates-1.6971279Published at
2023-09-21 16:37:18Event JSON
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"content": "\"For borrowers, while inflation gradually erodes the value of borrowed money as wages grow with inflation, deflation makes cash more valuable, making everyone's existing loans a heavier burden, discouraging borrowing.\"\n\nin what fucking universe are wages growing with inflation? I'll fucking move there right now. fuck OFF.\n\nhttps://www.cbc.ca/news/business/deflation-risks-interest-rates-1.6971279",
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