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It also erases the debt for the people who have it. And quite many people in the US have enormous amounts of household debt: https://en.wikipedia.org/wiki/Household_debt#United_States

Inflation (in controlled amounts) can act as a redistribution mechanism between debtors and creditors (basically a way to lessen the huge inequality gap we have today).

Yep, and it’s arguably half the point as a means to keep the workforce working, depending on the leaning of who you talk to.

Isn’t that what people want? To eliminate rent-seeking behavior?

This doesn't eliminate rent-seeking behavior because the dollar value of assets (e.g. houses, and with it rent) will just go up as well.