Saturday, January 22, 2011

Post 25: Who would like inflation?

College students love inflation.
Lets say a college student takes out a loan from a bank that has a contract to be paid back within the next 30 years. if the loan is for $50,000, 30 years later $50,000 dollars isn't worth as much as it would have been when the loan was taken out. This is caused by inflation. College loans are made easier to pay off for young adults because of inflation. Yay inflation.

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