Long term debt like mortgages are generally tied to the central bank cash rate, which is in turn tied to inflation. Theoreticaly, if theres massive inflation then your interest rates go up and wipe out any advantage you might have had.
For short term fixed rate debt, it could possibly be true. If you got a 1 year long car loan fixed at 8% and inflation jumps from 3% to 10% then you've essentially saved money. This is, of course, assuming that your pay also rose 10% to match inflation, which in this day and age...
Depends on what the terms of the debt are.
Long term debt like mortgages are generally tied to the central bank cash rate, which is in turn tied to inflation. Theoreticaly, if theres massive inflation then your interest rates go up and wipe out any advantage you might have had.
For short term fixed rate debt, it could possibly be true. If you got a 1 year long car loan fixed at 8% and inflation jumps from 3% to 10% then you've essentially saved money. This is, of course, assuming that your pay also rose 10% to match inflation, which in this day and age...