3 ms·In other words, inflation wipes out debt. No wonder all governments issuing debt like crazy.by ww520 6y agoIn other words, inflation wipes out debt. No wonder all governments issuing debt like crazy.moonchild 6y agoNo, because interest on debt compounds and the rates are frequently higher than inflation.LeCow 6y agoLol what. I haven't been able to buy government bonds/gilts with an coupon rate hire than inflation for years. At least my equities return when everyone deflates the value of money.