[adam_arthur]

Problem is that all central banks acted in coordination to print massively. So even if USD loses value in absolute terms, it doesn't in relative term.

You're right though, modern age monetary policy has been about inflating assets and monetizing fiscal deficit spending.

It's basically a big transfer of wealth from the younger generation to the older one (if you look at how lower interest rates pull forward valuations). When people talk about cheap housing or college in the 70s/80s, it was because the interest rate was over 10%. In modern society the best "mathematical" move tends to be to finance every purchase and pay them off as slowly as possible. I'd rather be debt free for peace of mind, personally, even if the math proves it to be the worse option.