> knock > down the actual value of mortgages. A mortgage -based as it on a material good- is only worth as much as the person requiring that material good values it. This is something that really angered me about the "housing bubble" right after obama took office where he claimed it to be unfair to people who own a house "under the waterline." This wouldn't matter in the least if the person intends to stay in the house, it would only affect those people selling or dumping property.
On Mar 12, 6:43 pm, archytas <[email protected]> wrote: > http://www.economist.com/business-finance/economics-focus/displaystor... > > Economists are now discussing inflation as a good thing again, even at > the IMF. We have standardly used this to reduce debt since WW2 and as > a way of countering raw material price rises. Higher inflation > targets for central banks would allow lower interest rates and What a > wonderful science > economics isn't! -- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/minds-eye?hl=en.
