[speedplane]

> The US is a very particular case ...

I'm not sure if it's particularly special, just particularly large. It's the largest economy in the world, and even in times of relatively high debt-to-GDP, it's still far better off than many of the Euro-zone countries that were brought to the brink. China, for example, has a far higher debt-to-GDP than the US.

That said, one particular reason why the US may more resilient to inflation is the fact that the dollar is the worldwide reserve currency of choice. This helps with inflation, but can hurt by artificially increasing the value of the dollar hurting exports. So overall, it might not be a great policy, but in a debt crunch, it gives the government more leeway to print money without risking inflation.