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<p>[QUOTE="medoraman, post: 1400156, member: 26302"]Its true though. Inflation helps borrowers and hurts lenders. Read up about William Jennings Bryan. His "Cross of Gold" speech was against a gold standard and in favor of a duel standard. The farmers, his constituency, wanted higher inflation, (or less deflation) and were demanding more money be put into the system so it would be cheaper for them to pay back their loans.</p><p><br /></p><p>If someone really believed that massive inflation was coming, he would load up on fixed rate debt, and would never buy a fixed rate bond.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1400156, member: 26302"]Its true though. Inflation helps borrowers and hurts lenders. Read up about William Jennings Bryan. His "Cross of Gold" speech was against a gold standard and in favor of a duel standard. The farmers, his constituency, wanted higher inflation, (or less deflation) and were demanding more money be put into the system so it would be cheaper for them to pay back their loans. If someone really believed that massive inflation was coming, he would load up on fixed rate debt, and would never buy a fixed rate bond.[/QUOTE]
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