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A comment on U.S. inflation rate rises to 13-year high of 5.4%. Parent comment

Re:U.S. inflation rate rises to 13-year high of 5.4% by yufeng66 on Wednesday October 13, 2021 @11:09AM (#28853147)
This is a common misunderstanding. As a percentage of GDP, debt did go down. But the US government didn't actually paydown the debt. The debt notional more or less stayed the same. The ratio decreased due to GDP growth and inflation.

https://fred.stlouisfed.org/series/FYGFD

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Re:U.S. inflation rate rises to 13-year high of 5.4% by ur-whale on Wednesday October 13, 2021 @11:26AM (#28853380)
> The ratio decreased due to GDP growth and inflation.

Inflation, the magic silver bullet that makes a countrys' debt disappear.

At whose expense is of course the question.

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