Inflation Is Helpful Because It Reduces Indebtedness

by

That completely unsubtle point was missing from the NYT discussion of the risk of inflation. If there is 15 percent inflation over a five year period, then the real value of mortgages and other household debts fall by 15 percent. That is the most obvious and easiest way to relieve debt burdens.

--Dean Baker

You can count on the Prospect, can we count on you?

There's no paywall here. Your donations power our newsroom as we report on ideas, politics and power — and what’s really at stake as we navigate another presidential election year. Please, become a member, or make a one-time donation, today. Thank you!