>>>It's much, much worse.
>
>Only because you allow it to be. When you owe, inflation is your friend. ;-)

In theory, yes. But when interest rises due to inflation,
some goods bought for earning loose value as ROI equation is changed,
if previous price is not controlled to a large extent by ROI quotient -
best example is fixed interest papers loosing internal value even if rating status
remains unchanged when interst raises.

my 0.001 (deflated) opinion

thomas