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RedBarron2006 on scored.co
1 year ago5 points(+0/-0/+5Score on mirror)1 child
In this case you are correct, it doesn’t matter. They could print 500 gorillion trillion and all that would happen is the USD would still exist, still be the world reserve currency, except you could never get enough together to buy a house or eggs because your wage would never keep pace. There might already be 500 gorillion trillion digital USD in “circulation” due to fraction reserve banking. Who knows, audits don’t exist and everything’s fake and gay.
I used to be anti-debt but now I just finance everything first, then pay it off. Because if I took 6 years to save the $80,000 I need for a ***BASE MODEL*** new work diesel my dollars would be worth roughly 60% less and that truck would cost 40% more. In 2014 I got a brand new base model 4x4 reg cab diesel priced out for $45,000 all in. The exact same truck today with only RWD is $82,000 the interest I pay is less of a loss than inflation + rising prices + rising taxes.
I always do, but it at least locks me in to the price that day in those dollars. As inflation carries on and prices go up it’s not like my loan amount grows, it stays frozen in time gradually going down. Also in Canada at least, if you buy *new* and are incorporated you can write off 1/3 of vehicles purchase price against your taxes for the first three years. So whatever it costs me new I save in taxes over three years. This only applies to new vehicles though, not used. Of course once it’s paid for I can keep it. That’s why companies that do buy all new trucks/equipment will generally do it every three years here, then trade in and do it over.
I used to be anti-debt but now I just finance everything first, then pay it off. Because if I took 6 years to save the $80,000 I need for a ***BASE MODEL*** new work diesel my dollars would be worth roughly 60% less and that truck would cost 40% more. In 2014 I got a brand new base model 4x4 reg cab diesel priced out for $45,000 all in. The exact same truck today with only RWD is $82,000 the interest I pay is less of a loss than inflation + rising prices + rising taxes.