[Red Dog #1]

Check your economics text book. Inflation decreases the real cost of repaying a debt.

[kabar]

You may be paying the old debt back with cheaper dollars, but you will be piling up new debt in such areas as the entitlement programs that make up half of the annual federal budget. How big will the COLAs be for SS recipients? By 2030, one in 5 Americans will be 65 or older.

Inflation: the Hidden Wealth Destroyer and What To Do About It