Shots Across the Bow

A Benefit of Hyper Inflation

In the interest of fairness, I do need to point out that there is one benefit of hyper inflation. If you owe somebody a lot of money, inflating your currency means that you're paying them back with dollars that are worth less than the ones you borrowed.

For example, I borrow $100 from you today (Don't worry,I'm good for it) and I promise to pay it back in a year. During the year, hyper inflation sets in and the dollar's value is cut in half. When I pay you back, the value of the $100 I give you is only $50.

That's good for me, not so much for you.

Posted by Rich
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It is the job of government to protect its members from the actions of others. It is not the job of the government to protect its members from their own actions. That's the difference between being a citizen and a subject.