{"id":182,"date":"2010-04-18T10:35:51","date_gmt":"2010-04-18T15:35:51","guid":{"rendered":"http:\/\/www.timrosenblatt.com\/blog\/2010\/04\/18\/why-you-cant-always-inflate-away-debt\/"},"modified":"2010-04-18T10:35:51","modified_gmt":"2010-04-18T15:35:51","slug":"why-you-cant-always-inflate-away-debt","status":"publish","type":"post","link":"http:\/\/www.timrosenblatt.com\/blog\/2010\/04\/18\/why-you-cant-always-inflate-away-debt\/","title":{"rendered":"Why you can&#8217;t always inflate away debt."},"content":{"rendered":"<blockquote><p>Inflating away debt only works when the obligations are in fixed dollar amounts, like a mortgage. But essentially, all of our long-term fiscal problems are entitlement commitments that grow (are &#8220;indexed&#8221;) with inflation. When inflation rises, spending on Social Security and Medicare rise at the same rate. So the debt-inflation relationship is the opposite of the get-out-of-jail-free card some envision. Debt still goes up in real dollar terms, creating even more of a death spiral.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.fool.com\/investing\/general\/2010\/04\/16\/why-the-us-cant-inflate-its-way-out-of-debt.aspx\">Why the U.S. Can&#8217;t Inflate Its Way Out of Debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflating away debt only works when the obligations are in fixed dollar amounts, like a mortgage. But essentially, all of our long-term fiscal problems are entitlement commitments that grow (are &#8220;indexed&#8221;) with inflation. When inflation rises, spending on Social Security and Medicare rise at the same rate. So the debt-inflation relationship is the opposite of &hellip; <a href=\"http:\/\/www.timrosenblatt.com\/blog\/2010\/04\/18\/why-you-cant-always-inflate-away-debt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why you can&#8217;t always inflate away debt.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/posts\/182"}],"collection":[{"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":0,"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.timrosenblatt.com\/blog\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}