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How to fix the economy (lemmy.world)

submitted 2 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

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[–] hemko@lemmy.dbzer0.com 13 points 2 months ago (2 children)

though rich people who have their wealth in debt would be hurt

Aren't the big loans interest rates tied to inflation though?

[–] Banana@sh.itjust.works 18 points 2 months ago

Directly. Yes.

[–] explodicle@sh.itjust.works 3 points 2 months ago

They are, but the rate you're offered in the first place includes the loss to inflation. Capitalists aren't going to offer a losing deal.