You seem to understand that it needs to be unexpected to be of benefit to the debtor. Which is why it cannot be phrased the way you phrase it. We now live in a modern world, where debt-holders understand the concept of 'inflation'. So, without the caveat, your statement becomes even more wrong. We're talking about the real world.
Debt's been rising faster than economic growth for a long, long time (from an economic perspective). Our fiat system has been allowing it by trickling in the majority of new money from the top.
Debt's been rising faster than economic growth for a long, long time (from an economic perspective). Our fiat system has been allowing it by trickling in the majority of new money from the top.
