Why the U.S. can't inflate its way out of debt

The idea: Pursue policies that boost prices and wages and erode the value of the currency.

The United States would owe the same amount of actual dollars to its creditors -- but the debt becomes easier to pay off because the dollar becomes less valuable.

Devaluation as "the solution" is an illusion. The problem is simply too interconnected within a socialist system for that to work overnight. In lieu of massive debt collapse and its economic consequences, the solution that has worked in previous depressions is time and devaluation. The third Great Depression should last until at least 2025. This target is based on a start point of 2000 and average historical duration of 25 years.

Source: money.cnn.com