You’re mixing several plot lines. Let’s use an extreme example. You owe $100 and make $1 per day with daily living expenses of $1. Tomorrow the government screw

You’re mixing several plot lines. Let’s use an extreme example. You owe $100 and make $1 per day with daily living expenses of $1. Tomorrow the government screws up and the $1 bill is replaced by a $1,000,000 dollar bill. Even if you still break even, your $100 debt is now a complete non issue. It’s not even a cup of coffee, whereas before it was a significant burden. This is true even if your real wages go down, though that’s a problem in its own.