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Fed policy is explicitly controlled inflation (2% target).

• pjc50 9d ago
  2% inflation isn't going to inflate away the debt any time soon. It's basically as close to zero as can be realized without going under.
  • grey-area 8d ago
    It is not in fact close to zero, it is significant inflation, particularly as they tend to float over the target (3-4%). At 2% over just 25 years money loses 60% of its value. That is not insignificant, and of course with higher rates it loses value quicker.