Quote:
Originally posted by beepbeep
Yeah, but inflation is not kind to savers and good to loaners, which skews things in unpleasent way.
|
Is it necessarily good for loaners? Persistent inflation erodes the value of future dollars used to repay the loan.
Print more dollars = more inflation = Bernanke forced to act = FED rates raised = ....
Reduced spending is an option, among others, that should be considered.