The gamble of trying to inflate away debt

The U.S. national debt has surpassed $40 trillion, and the idea of using inflation to reduce the real burden of that debt — a strategy sometimes called 'inflating it away' — has been floated by President Trump. This episode examines whether that strategy can actually work without triggering severe economic damage. It explores the specific conditions under which inflation could effectively erode debt, contrasting scenarios where it might succeed with the significant risks of losing control over prices and undermining the nation's fiscal credibility.