Debt does not create savings. Savings are created by putting the real money for later spending (not IOUs, but real collectible: land, commodities, bitcoin). Mak

Debt does not create savings. Savings are created by putting the real money for later spending (not IOUs, but real collectible: land, commodities, bitcoin). Making debt cheaper via inflation is simply a form of taxation: money is being reallocated from savers to spenders without asking savers' opinion. While savings are made 100% voluntarily without extracting anything from anyone. Also: people need less debt if they have savings. And it's much safer to save your own money (when it's allowed) and have 100% control of your business/investment, than to borrow capital and be a slave.