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Politics : Ask Michael Burke
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To: Mike M2 who wrote (59328)5/14/1999 10:13:00 AM
From: valueminded  Read Replies (1) of 132070
 
William

You have said this before, but my understanding is that private debts (as long as they are fixed rate) can be inflated away as well. So your 6.5% fixed rate mortage gets inflated away, if inflation is at 8% and cola are then pegged to the 8% rate. imo
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