Government revenue needs to come from somewhere, and inflation is a type of tax.
By the time hyperinflation is possible, the federal government will have two choices, keep interest rates low and keep borrowing, or to default.
By the time hyperinflation is possible, the federal government will have two choices, keep interest rates low and keep borrowing, or to default.
It benefits those who holds the most debt, and is horrible on anyone who is on fixed income. Presumably capital gains will still be taxed, which means that inflation + tax can wipe out any income from gains.