> because we can borrow at an interest rate lower than inflation. I don’t think you understand what it means for the inflation rate to be above the return rate

> because we can borrow at an interest rate lower than inflation. I don’t think you understand what it means for the inflation rate to be above the return rate of promissory notes, but the only incentive to buy such notes is to prop the system with the belief this is temporary—otherwise, by definition, you are just throwing money away (sans considerations of ownership).