It does make me wonder whether Gen X and Millenials will become pro-inflation. After all, that is one way for a group to get out of paying a debt. Most debts ar

It does make me wonder whether Gen X and Millenials will become pro-inflation. After all, that is one way for a group to get out of paying a debt. Most debts are fixed in nominal terms, and the burden of debt could therefore be reduced, in real terms, with a bout of inflation. The Boomers tended to be anti-inflation because they remember the hyper-inflation of the 1970s, but neither Gen X nor Millenials remember the 1970s. For the most part, a bout of strong of inflation could be regarded as a form of cheating, a form of welching on a debt. The public (at least in the US) hasn't favored that kind of policy, partly because I think a lot of people feel it would be unethical to get out of a debt that way. But then, avoiding unethical behavior depends on a notion of fairness, and that goes both ways. The Gen Xers and the Millenials might ask themselves, "Was it fair for the Boomers to run up a few trillion in debt and then leave it to us?" If a substantial portion of those generations come to believe that the debt was unfairly incurred, then they may think it is fair to use unfair tactics to get out of paying the unfair debt.