* June 28, 2021 at 1:36 am ( https://thenextrecession.wordpress.com/2021/06/27/inflation-interest-rates-and-debt/#comment-191550 )
“‘moderate’ inflation is not bad news for capital. Companies like a little inflation because it gives them some leeway to raise prices…”. Companies also like ‘moderate inflation’ because it makes their debt more serviceable as post-inflation they are paying their loans back with ‘cheaper’ dollars. For the same reason, if it was a given that wages, savings, pensions, welfare (all up to to a certain point) were indexed to the rate of inflation then the house note (with a ‘fixed’ APR), the car note, etc would be easier to pay. This could be done easily enough with all wages, etc being reported to a Treasury Dept clearinghouse with the same issuing a ‘top-off’ via debit card, check, direct deposits, etc. Please don’t ask “Where would the money come from?” Of course via the Treasury/Fed sleight of hand, prestidigitation and legerdemain that fiat currencies allow: “You print the bonds, I print the money.” Now, who is it that would most certainly not like this? Those already with the money. Those who would see their cash and cash-likes, the loans they have lent, their low-interest bonds, their rented properties devalued, all worth less if not yet worthless, ‘Bazooka’ time. Monetary expropriation by way of inflation. https://thenextrecession.wordpress.com/2021/06/27/inflation-interest-rates-and-debt/#comments -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#9521): https://groups.io/g/marxmail/message/9521 Mute This Topic: https://groups.io/mt/83822250/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
