[atweiden]

> The concept of "inflating debt away" is an assumption that wages match inflation while debt stays static

It also myopically focuses on household debt. But household debt is significantly lower than either corporate debt or government debt [1].

The biggest debtors benefit the most from inflation — quantitatively speaking, the debts of ordinary people aren’t very big.

[1]: https://www.mckinsey.com/~/media/McKinsey/Industries/Financi...