No! It doesn't! lol

well then wouldn't it be nice if that debt that I owe was suddenly worth less money, and thus easier to pay back.

I think I am looking at this from an individual's pov, that of an individual who lives on debt, not assets.

Here's where you lose me: the house is not worth less money, it's worth more dollars, because those have been devalued. Assuming the debtor continues to make the same salary, but has to pay more for food etc, he would have fewer dollars to pay his mortgage, no?

When the dollar is weak, it buys less. I suppose this might be good for tangible asset holders. But if the general debt-ridden population can buy less, wouldn't the economy shrink?

I admit I know very little about this stuff. I try to get it, but I just don't. More smoke and mirrors I suspect.

Thank you for the explanation, I will give it some thought.