"great idea UT. let's use high inflation to help people who took on too much debt, and hurt people with the audacity to save money. brilliant."
Gee so closed minded there. You guys constantly complain that everyone is in too much debt and not enough people save so if that is the case then the savers are definitely in the minority. Secondly whether you are in debt or not when the majority are it affects the whole economy and a controlled inflationary deleveraging has far less impacts on the economy than a major economic crash. That is not to say there won't be pain as it will take a little time for incomes to catch up to some of the increasing costs. Bottom line is EVERYONE has either benefited from the leverage economy either directly or indirectly and will be exposed to any effects as a result of any level of deleveraging.
