Would inflation be good for the US? Sure, it could erode some of the federal debt, but if that’s the best we can come up with…yikes.
Technically inflation does reduce the relative burden of government debt, but only if economic growth and income outpace inflation. While the debt is shrinking, we’d also see all assets be devalued – including stocks, homes, bonds, and real estate. Basically, anywhere American have stored their wealth.
So, while it sounds appealing to reduce the $34 trillion of federal debt, everything else gets steamrolled in the process.