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Josh Farley: "Money, Money, Money"
The Great Simplification with Nate Hagens
The Real Value of Debt Is Seven %
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With inflation, that means prices of wages and goods and services going up. So with seven % inflation over all, you could expect your income to be rising. Seven % faster per year than otherwise would be. But in general, the value of the actual principle you owe goes down with inflation. And when we actually make more credit available at low interest rates, that facilitates that. That's what we have been doing. We need essentially as they used to do in the past, jubilee.
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