Post
Topic
Board Economics
Re: JPMorgan Chase goes Cyprus way
by
notme
on 20/10/2013, 15:11:59 UTC
I bought a car on a 20k loan, with 2013 money. Now in 2014 it takes a 40k loan to buy that same car. Sucks to be that guy buying the car at 40k, I only have to gather up half as much money to meet my loan demands, but that money is easier to come by.

What car doubled in price in just a year?

He's making the assumption the dollar might lose half its value in a year.

That's ridiculous.  Debt = dollar demand, and all "printing" (at least in the US system) is really issuance of more debt.  Good luck with your hyperinflation dreams.