>>The only question I have is, how will mortgage debt be handled. When you can easily satisfy the conditions of the loan, what happens to the mortgage holder?<<
In a hyperinflation, the lenders end up with nothing in the end. It’s the borrowers who win, i.e., the profligate, i.e., the federal government.
Buy Treasury Bonds at 4% for 30 years and see who wins, you or the government. Greenspan’s right; they won’t default, but a $1,000 bond due in 2041 will buy you a pair of shoes in 2041 at 12% inflation. At 20%, a Happy Meal at McDonalds. At 50%, use it for toilet paper, because it will be the cheaper alternative.
Got some analysis of those numbers? Might help me crunch out some more economic boundary conditions I’ve been pondering.