National Debt Clock
Added to the blog, on the left.
What happens in deflation: The real value of your debt rises. If you have debt of $1,000 and now are earning less due to deflation, your debt becomes harder to pay off.
What happens in inflation: The debt value is $1,000, but your earning increase meaning it is easier to pay the debt.
Why do you think the government is gung-ho against deflation?
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