Thread: Inflation. Is it so bad for the AVERAGE American?
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Old 07-03-2009, 06:56 PM
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Originally Posted by tnrtinr View Post
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.
Incorrect. Not everyones wages increase. People whose wages do not will fall further into debt.
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