The Picard Maneuver to Curated [email protected]English • 3 days agoHow to fix the economylemmy.worldmessage-square128fedilinkarrow-up1471
arrow-up1471imageHow to fix the economylemmy.worldThe Picard Maneuver to Curated [email protected]English • 3 days agomessage-square128fedilink
minus-square@[email protected]linkfedilinkEnglish13•3 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-square@[email protected]linkfedilinkEnglish3•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.