In Times of Inflation, Some Debtors Gain More than Others, and Creditors Lose. How about You?
Robert Sennholz discusses the practical aspects of living in an inflationary, fiat-money-based world. Discussion centers on how to use productive debt to maintain and increase your wealth, rather than being victimized by it. The author touches on the use of fixed-rate debt as compared to adjustable-rate debt, governments as debtors, and the moral implications of using inflation to your advantage in negotiating deals. A must-read for all debtors and would-be debtors!
Booklet (pps. 20)