Sunday, January 23, 2011

Post 25a

Mr. Campbell asked us to find one group of Americans that would love inflation and explain why.

I believe that the group of Americans that would love inflation would be anyone who has a mortage. This is because as inflation lowers the 'value' of money, their mortage stays the same. As the inflation lowers the 'value' of money, the person buying the house is, in a way, paying less then what they had agreed on.

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