The US dollar is never worth less nor more than than 1 US Dollar. If you owe a debt in USD, the size of that debt does not change based on the purchasing power of the dollar.
Yes but that dollar buys less stuff. And that 1 dollar represents 1/total supply, and total supply increases. It's literally worth less even if it is still "one dollar".
The US dollar is never worth less nor more than than 1 US Dollar. If you owe a debt in USD, the size of that debt does not change based on the purchasing power of the dollar.
Yes but that dollar buys less stuff. And that 1 dollar represents 1/total supply, and total supply increases. It's literally worth less even if it is still "one dollar".
Yes, but your debt was also worth less.
Yes agreed