Who Pays When Inflation Shrinks a Debt? The Lender Does

https://www.youtube.com/watch?v=MI5I0Nv5JJU

An illustration, not a forecast for prices. Lend $100 and get the same $100 back: the receipt says paid. Now imagine that, by the repayment date, every item in a simple basket costs twice as much. Those dollars buy half the basket. Your account is whole; your basket is not.

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