This only works out if there is WAGE inflation. It is very possible for inflation to run rampant while nominal wage growth trails far behind. This is probably

This only works out if there is WAGE inflation. It is very possible for inflation to run rampant while nominal wage growth trails far behind. This is probably the most likely scenario. Have fun paying off your devalued debts with an income of $0, because you're unemployed. In the intermediate term, asset deflation will probably be the dominant force, even if consumer staples continue to inflate somewhat. The very high general inflation is in store for later.