[SomeCallMeTim]

No, depreciation makes the debt more expensive as the dollars are worth more. Inflation is what makes the debt cheaper, although .gov now sells some bonds indexed to inflation.

I didn't say "depreciation".... I said "de-valuing" the currency... which, is essentially the same thing as inflation. It's just the slow, painful process of making each dollar worth less and less. Well, we HOPE it's "slow"... sometimes, the market decides it should be swift indeed.

[zek157]

Right, I’m with you.