Inflation Is a Dangerous Way to Get Rid of Debt Burdens – Richard Ebeling (06/03/2021)
Suppose you lent someone $100, and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower to have kept his promise and contractual obligation? Or would you think that he had cheated you out of a part of the money you had lent him in good faith?…
Source: https://wallstreetwindow.com/2021/06/inflation-is-a-dangerous-way-to-get-rid-of-debt-burdens-richard-ebeling-06-03-2021/
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