>>No, we will all be the victims of this debt madness and subsequent inflation/devaluation problem. The savers and retirees just get hit most visibly. No society has ever managed to run unlimited debts.
Certainly savers and retirees get slammed: but they are already, with years of reliable interest income falling to historic lows. Meanwhile the rest of society feels heavy burden from debt, particularly mortgages to purchase properties from elderly owners enjoying hundreds of percent gain after their own mortgage was less than their credit card limit today.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
