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Deflation pushes up the real burden of debt, while the value of assets linked to that debt, such as house prices, may have to fall even more sharply in nominal terms to return to a fair level.
The biggest question for all of the parties at the next election will be this: who can be trusted with people's money and relied upon to free our children and grandchildren from the crippling burden of debt, while also investing in the things the country needs to succeed?
Similar(58)
As dollar incomes fall in the face of a depressed economy, the burden of debt becomes harder to bear, while the expectation of further price declines discourages investment spending.
Reduce the burden of debt.
We face a crushing burden of debt.
Develop strategies for reducing burden of debt.
While it means forsaking a share of the revenue, it also reduces the burden of debt.
Follows, all too aware of the burden of debt, snorted.
Inflation eases the burden of debt; deflation increases it.
The real burden of debt rises when prices are falling.
He has only added to Italy's burden of debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com