[quote=patientrenter]Rt 66, do you think American borrowers will vote to pay off their personal debts in full, or vote to pay back less than they personally borrowed (and have the rest of the real burden of debt reduction covered by the general taxpayer and by domestic/foreign savers through inflation/currency devaluation)?
I have an idea myself, but I am curious what you think the voters at large will choose to do.
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We won’t get to vote on it.
More and more people are chosing to default on all kinds of loans, so I guess that’s a form of voting with your wallet.
If we could vote I’d bet F@cked Borrowers would chose inflation, allthough any dollars they have outside of their house will lose value. Another example of how the FB crowd’s wants and needs evolve around their bad decision and turn out bad for the rest of us.
For me, I want deflation, so my dollars buy more. We’ve have enough inflation, time for some sanity to return.
