Or. everyone with debt - which is usually a very large portion of the population - had their burden reduced. edit: Ability to pay grows with inflation, by defi

Or. everyone with debt - which is usually a very large portion of the population - had their burden reduced. edit: Ability to pay grows with inflation, by definition. Unless you have a particularly unusual type of debt, the principle is constant and the interest is based on the remaining principle and is therefor a pre-inflation value. Wages grow in absolute terms (even though their purchasing power is otherwise constant), so the debt is easier to pay off.