Originally Posted by chiefforlife
But that two hundred dollars will now go towards your car payment, credit cards and loans. I just dont see that it would make a real difference.
The business would also have to pay higher interest rates, therefor charging that same customer more.
Well, of course anyone with debt in this scenario pays back with cheaper dollars. However, in continues to encourage debt and where's that at? Besides, you're still getting poorer at the same time.
“Experience should teach us to be most on our guard to protect liberty when the Government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” — James Madison