higher inflation->more borrowing because it is profitable

来源: 2007-09-17 23:21:00 [旧帖] [给我悄悄话] 本文已被阅读:

you borrow $100, a year later, you need to only return "$50" if a 100% inflation rate, right?

No investor will invest in bonds in a high inflation env unless he thinks it is the end of inflation era or has no other choice