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by jrockway
1094 days ago
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I think that creating money always raises prices, so you're probably merely being screwed less, rather than being subsidized. (I count loans as "creating money" because buyers look at how much X to buy based on how costly it is to borrow money. People are seeing this in the housing market now; when loans were 2.5%, sellers raised their price to fit the monthly payment budget. Now at 7%, it's harder to sell at those prices. If everyone had to pay cash for everything, everything would probably be cheaper, because money would be intrinsically more valuable.) |
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