How Inflation is Good for Those with Debt

Here's a basic fact that seems to be getting lost in the present political discussion. Inflation Is good for debtors and bad for creditors. So next time you here someone sell the idea that Inflation is bad for America and Americans, ask yourself who are the debtors and who are the creditors?  If I borrow $100 and before I pay off the debt the value of the dollar drops by 50%, then the burden of paying off my debt has fallen by 50%. The value of my creditor's $100 investment has likewise fallen by 50%. The fact that the US and the majority of it's citizens are deeply in debt means that inflation is in our interests.