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Quote (Awoudex @ Mar 24 2013 07:14pm)
ever wondered about the actual value of a single dollar?
if your debt is 1b dollars and the value of that 1b dollar (e.g. what you can do with that money) is decreasing, so is the value of your debt. In fact inflation is a good thing for those who have debts
sorry if i went a little economy 101 on this
No..... It depends on what currency the debt is denominated in. If it is on the devalued currency then yes, but if it is denominated in a foreign currency paying the debt back costs more. National and consumer debt are different.