It is so obvious that there is persistent inflation, that anyone without a lot of debt is just plain silly.
Ninety percent of the time, inflation is transfering value from savers to debtors. Savers lose. The other ten percent of the time, value partly flows back the other way. Thats whats happening now and the debtors are not happy.
But over the long haul, inflation wins and debtors win. Savers lose.
australia killing its economy by rates rises, page-39
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