Originally Posted by
Adam Strange
Mass inflation?
Two things.
One, I don't see mass inflation anywhere. Gas is cheap, food is cheap, rent is affordable, interest rates are close to zero. You should omit that part in your next rant. It's not accurate.
Two, inflation is a debtor's friend. If you are up to your ears in debt and inflation is massive, you will end up paying back your loan in cheaper dollars. Most Americans should welcome inflation.
But, as you pointed out, the country is not being run for the debtors so inflation is low. Those people who are in debt by hundreds of millions of dollars, like our Get-rich-by-inheriting-it last President, have incredible tax write-offs and depreciation to help even the most stupid among them be able to make money. You have to be monumentally stupid to lose money on real estate in the US.