If you consider debt in isolation (so assume your income increases with inflation or faster so your quality of life/buying power doesn't take a hit with inflati

If you consider debt in isolation (so assume your income increases with inflation or faster so your quality of life/buying power doesn't take a hit with inflation) then yes you are correct, inflation does away with debt. The concern comes in when your cash compensation doesn't keep pace with inflation and your effective buying power decreases. Also other general macro effects that may indirectly impact you, and I'm sure there's a whole lot more to it than that, but yeah simplistically: inflation make debt go bye bye.