Wells Fargo lends you $500,000 to purchase a home in 2015 in…
Wells Fargo lends you $500,000 to purchase a home in 2015 in which you promise to pay back over the next 30 years at a 7% interest rate. Inflation in 2015 was 1%, but in 2016 inflation unanticipatedly skyrocketed to 11%. Who benefits from the unanticipated inflation?
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