monetize?

[Bethany K. Dumas]

On Fri, 21 Mar 2003, David Bergdahl wrote:

>> Thanks - I'm not sure exactly what that means -  how does one "inflate
>> debt away"?
>
>Pay the debt off in inflated dollars.  In Carter's hyperinflation, for
>instance, you could borrow money at 15.75% (as I did for a mortgage) and
>get 18% on a money market fund.  Inflation devalues the currency faster
>than debt service can recover it--so the debt is repaid in ever-cheaper
>dollars.

Thanks!

Bethany