Lenders benefit from inflation. If prices don't keep up with wages people need loans to afford things. And if costs rise people may need more time to pay off their debt.
It's part of the reason deflation sends economists and central banks into such a panic.
Great article Greg
Thanks! More to come! 👏🏼
Lenders benefit from inflation. If prices don't keep up with wages people need loans to afford things. And if costs rise people may need more time to pay off their debt.
It's part of the reason deflation sends economists and central banks into such a panic.