If you have loans out, with fixed rates of interest, why would you need to get out of them before hyperinflation?
If anything, they seem like they would be much less of a burden after hyperinflation.
Correct?
limitgov: Correct?
Yea, but I personally would not build debt on the expectation there will be hyperinflation (i.o.w. gambling).
Depends on whether or not they're fixed rate or variable rate. If they're fixed rate, then there's nothing to worry about. If it's variable rate, you'll be hemorrhaging money before long, as the nominal interest rate is dependent the real interest rate.
http://en.wikipedia.org/wiki/Fisher_effect
Periodically the tree of liberty must be watered with the blood of tyrants and patriots.
Thomas Jefferson
See the inflation vs deflation debate... they make a good case that there will be overall deflation for a while before inflation sets back in....