[snitko]

Well that's good for people with debts. It's bad for people without debts and those who loaned them money. Debtors are basically paying off their debts more easily at the expense of all the others (even those who are not involved in the deal of loaning).

[rgbrenner]

as long as the inflation rate is expected, the inflation rate is always adjusted up/down to compensate for the inflation.