Actually, people who are IN debt win in hyperinflation. They can pay pack with worthless paper, while those who have saved assets will have to go to work as Wal-Mart greeters.
>> Actually, people who are IN debt win in hyperinflation...those who have saved assets will have to go to work as Wal-Mart greeters.
Hmmm... would that be that so-called “moral hazard” that Paulson says they’re “aware of”?
“...we’re aware of the moral hazard, but so what?”, say Paulson and Bernanke. “Suffer and die, you financially responsible chump!”
Inflation is only good for debtors if they have steady sources of income, as saved commodity assests usually won't last more than a couple of years. High inflation tends to cut back on many jobs previously thought to be essential, particularly service and government jobs.