Trump reportedly says inflation could help pay down $40 trillion US debt

KobeissiLetter reports that Trump said higher inflation would pay off US debt “very rapidly” after the total rose above $40 trillion. It also quotes him pointing to growth as a way to pay down debt and says Treasury yields hit a new daily high after his statement. Other posts argue that inflation can reduce debt’s real burden while eroding the value of people’s money and potentially raising borrowing costs.