The ones who will suffer economically in the US due to this "Inflate away the debt" strategy are the segments of population of which the income depends on the State (public servants, pensioners, anybody who receives grants from the authorities...).
The private sector players, on the other hand, should globally benefit from such an orientation - above all if a part of their assets in in Bitcoin or self-custodied cryptos 😊.
Inflation is never a good outcome for almost any party, it doesnt matter if public or private. It means that the unit used to save capital, which is the same as prosperity, devaluates.
Now I'm worried this is the consensus view... 😆
Worried, under which angle?
The ones who will suffer economically in the US due to this "Inflate away the debt" strategy are the segments of population of which the income depends on the State (public servants, pensioners, anybody who receives grants from the authorities...).
The private sector players, on the other hand, should globally benefit from such an orientation - above all if a part of their assets in in Bitcoin or self-custodied cryptos 😊.
Inflation is never a good outcome for almost any party, it doesnt matter if public or private. It means that the unit used to save capital, which is the same as prosperity, devaluates.
However, as you say, holders of scarce and desirable assets will thrive.