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To: reaganaut1

So, I can pay off my mortgage 20 years early with inflated $$$?................


2 posted on 12/07/2009 12:31:57 PM PST by Red Badger (Al Gore is the Bernie Madoff of environmentalism. He belongs in jail. - Unknown Blogger)
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To: Red Badger
So, I can pay off my mortgage 20 years early with inflated $$$?................

Not sure if it is a rheoterical question, but the answer is YES assuming you have a fixed rate mortgage. Unexpected inflation is a big boon to borrowers. One of the reasons the Populist and Democratic parties back in the late 19th century wanted the silver coins minted was to create inflation to help farmers who tended to be in debt.

4 posted on 12/07/2009 12:35:42 PM PST by C19fan
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To: Red Badger

Sure, if your job is one of the few who can pay with inflated dollars as a result of raising prices to keep up with that inflation. Most jobs can’t.


6 posted on 12/07/2009 12:36:17 PM PST by TheZMan (Just secede and get it over with. No love lost on either side. Cya.)
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