The Picard Maneuver to Curated Tumblr@sh.itjust.worksEnglish • 5 months agoHow to fix the economylemmy.worldimagemessage-square162arrow-up1490
arrow-up1490imageHow to fix the economylemmy.worldThe Picard Maneuver to Curated Tumblr@sh.itjust.worksEnglish • 5 months agomessage-square162
minus-square@hemko@lemmy.dbzer0.comlinkfedilinkEnglish13•5 months ago though rich people who have their wealth in debt would be hurt Aren’t the big loans interest rates tied to inflation though?
minus-square@explodicle@sh.itjust.workslinkfedilinkEnglish3•5 months agoThey 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.
Aren’t the big loans interest rates tied to inflation though?
Directly. Yes.
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.