Also, inflation causes the value of debt to decrease over time. (Wages are stick...

		adamredwoods on Sept 9, 2020 \| parent \| context \| favorite \| on: The Fed now owns nearly 1/3 of all U.S. mortgages Also, inflation causes the value of debt to decrease over time. (Wages are sticky, but when they catch up, inflation causes debt to go down as the value of currency decreases.)