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Inflation and Payables

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

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February 28, 2021 at 9:29 pm #612189
ilham9089
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Does debt lose value with inflation? If so, how?
March 1, 2021 at 8:57 am #612253
John Moffat
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The amount owed remains the same in $’s, but as our income increases due to inflation it becomes a smaller proportion and in that sense loses value.
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