It's also nonsense. The giant debt is coming from government borrow and spend of trillions and trillions of dollars, with more trillions being proposed.
The difference between corporate debt and government debt is corporate debt is backed by assets, which is not inflationary. Government debt is backed by nothing, hence it is inflationary.
If this were true corporations would never become insolvent. The role of CDOs and CDSs in the 2008 crisis made it abundantly clear how corporate debt can be inflationary. But we knew that beforehand from previous crises in the 19th and early 20th century when unwinding corporate debt and restoring liquidity was handled (if at all) almost entirely in the smokey parlors of the private sector by titans like J. P. Morgan. See, e.g., https://en.wikipedia.org/wiki/Panic_of_1907 More generally, see Lords of Finance (https://en.wikipedia.org/wiki/Lords_of_Finance), an historical account of early 20th century international banking which swept up numerous history and economics awards. (It was coincidence that it was published amidst the 2008 crisis. IIRC nothing in the book mentions it except possibly a foreword.)
Banks call that "risk". They still demand collateral equivalent to the value of the loan. The more the "risk" of the collateral being worth less than the value of the loan, the correspondingly less they'll loan.
The Fed, on the other hand, offers no collateral at all.
Also, there was zero net inflation in the US from 1800 to 1914. Endemic inflation started then, because that's when the US decided to start borrowing money without collateral (aka fiat money).
The fact that the government prints its own currency doesn't change things that much in the abstract. A dollar note is just that--a promissory note, a type of negotiable instrument like a corporate bond or personal check. The U.S. government can print more notes, but a corporation can print more bonds or a shopper sign a bunch of checks. The value isn't what's on the face, but what people will give you in exchange for it. In the case of the U.S., foreign parties are still eager, perhaps too eager, to exchange automobiles and semiconductors for U.S. notes. Ditto for U.S. bonds.
Governments can print money. And they can raise taxes (immediately upping their revenue). Those are their "assets". Much more reliable ones than the average business.
Now look at most businesses. What assets do they have? Second hand manufacturing equipment at best, basically scrap. And that's the companies that have at least some. What assets does Facebook have? A brand name is the main one, you can't resell that really... Lots of western companies are basically hollow.
I can't comment on the core point of the article, I'm just saying you're a lot safer with government debt than corporate...
BTW, personally I don't invest in government bonds. They're a loser of an investment.
Always remember that Roosevelt defaulted on the gold bonds.
Which is strange. You would expect if that was the case people to charge the government non-trivial amounts of interest. And yet, the interest rate the government spends on interest for a 20-year loan is 2.1% APR.