Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: djf
Read between the lines. Get out of debt as soon as practically possible. Buy Macaroni and cheese.

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.

10 posted on 03/17/2008 4:47:50 AM PDT by BlazingArizona
[ Post Reply | Private Reply | To 5 | View Replies ]


To: BlazingArizona

>> 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!”


13 posted on 03/17/2008 4:56:05 AM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: BlazingArizona
What counted most in 1923 was your ability to keep your job. What made jobs desirable were products to sell that everyone wanted: basic foodstuffs, coal, and liquor.

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.

21 posted on 03/17/2008 10:05:10 AM PDT by VanShuyten ("Ah! but it was something to have at least a choice of nightmares.")
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson