What I meant in regards to borrowers is that during deflation wages will tend to decrease (because money is worth more as time goes on), while the payments will stay the same.
In this proposal we’d be taking measures to keep wages at least stagnant. The entire reason some people want deflation is to bring wages back in line with prices.
What I meant in regards to borrowers is that during deflation wages will tend to decrease (because money is worth more as time goes on), while the payments will stay the same.
In this proposal we’d be taking measures to keep wages at least stagnant. The entire reason some people want deflation is to bring wages back in line with prices.