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To: JerseyanExile

“Adjusting for compound interest and inflation, the total debt now lies in the trillions, by RBB’s estimates”

I know it makes for a more interesting story but, debt service isnt adjusted for inflation after the loan is made. you make a loan, set the interest rate and the payment terms and off you go.


6 posted on 07/19/2012 10:40:44 PM PDT by Shamrock498
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To: Shamrock498
In addition to your point, the guilder was a gold coin in 1562, so there really wouldn't be any inflation anyway. The amount of gold in a guilder from 1562 is worth about the same today as it was then.
8 posted on 07/20/2012 4:15:47 AM PDT by j. earl carter
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