> But is inflation a realistic debt-reducing tool in the modern economy? Yes, when you consider that we don't need actual CPI inflation in order to reduce the

> But is inflation a realistic debt-reducing tool in the modern economy? Yes, when you consider that we don't need actual CPI inflation in order to reduce the debt. Economic growth works just as well. In hard terms, we can inflate money so the debt is smaller. We could also all get richer so the debt is proportionally smaller. Pro-growth policies like the strengthened safety net we in the US are experimenting with as pandemic response could have the impact of increasing overall growth to make debts more easily serviceable.