Thread: Inflation. Is it so bad for the AVERAGE American?
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Old 07-03-2009, 03:41 PM
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Originally Posted by hom36rown View Post
Umm...yes. Wages will not rise as quickly as everything else...so now Americans will have to suffer with paying $10.00 for a loaf of bread, while still making $8.00 and still owing $10,000 in debt. Inflation fucks everyone over.
Wages will lag - but they will catch up quickly because people will not be able to afford to go to work and seek higher paying jobs. Now you are making $16 and have the same $10,000 in debt. You have literally cut your debt ratio in half. With hyper-inflation you could make $10,000 a WEEK which further cuts your debt ratio.
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