In the current situation, the US cannot reduce the real value of its government debt significantly by indulging in a bout of inflation, because the average maturity on existing debt is very short – only about four years. And the projected fiscal deficits imply that the additional debt that will be issued during the next decade will be as large as the total stock of debt today.
在当前的情况下，美国无法借助一轮通胀来大幅削减自身政府债务的实际价值，因为现有债务的平均到期日非常短——只有大概4年。而未来的财政赤字预期则意味着未来10年内增发的债务规模将相当于现有全部债务的总和。因此制造通胀不会是政府当前债务或未来赤字的解决方案。