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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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One more reason I'm looking at buying big-ticket items (like houses) now.
If/when I can pay off my mortgage and my student loan with dollars that are worth $.20, I'll be feeling pretty good about myself.
Of course in order for inflation to be an effective hedge in this way, you have to realize the benefits of higher prices in your wages too, which is always a lagging element. Prices go up first, wages don't follow until much later usually. But I'm also thinking long-term, 15-20 years.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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