Even the government pays above the (current level of) inflation and it has to refinance a big chunk of its debt in the next 1-3 years. Personally, I highly doub

Even the government pays above the (current level of) inflation and it has to refinance a big chunk of its debt in the next 1-3 years. Personally, I highly doubt the government spending is efficient enough for this. As for the average Joe, card debt is really expensive (20+%). You will not get repeat of the 70s with the current debt levels and aging population, so your bet is effectively a hyperinflation scenario.