Friday, January 21, 2011

Post 25 (A) - Find one group of Americans that would love inflation and explain why.

A group of Americans that would love inflation would be debtors. Anyone in severe debt would love inflation since each dollar that they pay back would not be worth as much. Since the dollar amount is worth less the amount they are paying back is less than the amount they would pay without inflation. For example, inflation would help people with big car payments, people who have a mortgage, or even students paying back loans.

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