Someone I was talking to was asking if it would have an impact on inflation. I never thought about that. My take was it wouldn’t because it’s not like the people with debt will just instantly spend their debt payments on something else. But idk
I think its impact on inflation will be ultimately be immaterial compared to the other more impactful drivers out there. Most debate trying to tie this to inflation is probably a red herring.
Someone I was talking to was asking if it would have an impact on inflation. I never thought about that. My take was it wouldn’t because it’s not like the people with debt will just instantly spend their debt payments on something else. But idk
I think its impact on inflation will be ultimately be immaterial compared to the other more impactful drivers out there. Most debate trying to tie this to inflation is probably a red herring.