I would have thought that a rise in the inflation rate would lower the real value of that debt (over time) making the debt burden less serious.
A situation of deflation would on the other hand magnify the debt burden on housholds and business, compounding the problems of an already sluggish economy.
plan a by goerge bush, page-3
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)