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Old 02-05-2013, 15:34   #25
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Join Date: Aug 2011
Posts: 891
Originally Posted by Bruce H View Post
If one doesn't have debt one doesn't have to worry about interest payments on loans. I remember the 22% and higher in the late 70's. I paid the interest on what debt I had. I survived but never again.
That doesn't have anything to do with hyperinflation though. Hyperinflation helps debtors. Not advocating debt, but I'm not too worried about my 4% mortgage rate.
"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson

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