[roblev]

>I am not about to take out a loan in a hard currency when perfectly good inflationary currencies are easily at hand.

Sadly it is not so easy to make money this way, the forward exchange rates will cancel out any gain from the interest earned in the inflationary currency. Otherwise everyone would do this.

You can make money doing this but really you are just taking a bet on exchange rates, you can easily lose money as well if the fx goes the wrong way during your investment period.

There are very few risk free ways to make more money than investing in US Treasuries.

[slurry]

Sorry, to clarify: I meant take out a loan as a borrower. Deflation will tend to increase my real interest rate over time, inflation the opposite. Obviously in equilibrium theory, interest rates will cancel out these effects; but they do not always do so in practice. So borrowers will tend to favor moderately inflationary currencies like the dollar.

[Canada]

If you plan to spend your investment on rent, food, or fuel then Treasuries are a losing investment for sure. At best they reduce the amount of loss compared to holding cash.

[lmm]

30-year government bonds grow faster than inflation, at least over here. (This is possible because economic growth is a thing)