Inflation caused by currency debasement is a flat tax, which is comparatively regressive. It raises the prices of all items faster than wages, and everyone has to buy food, buy electricity, etc.
Someone will have to pay.
Someone will have to pay.
In particular, it's a tax on all savings in cash and bonds (but not on investments in stocks), and it's a boon to all debt. For example, the total housing mortgage volume is huge - so if currency debasement causes any significant, rapid, unexpected inflation (expected inflation is priced in the interest rates) then it's a significant shift of wealth from the lenders (and, correspondingly, to all people and businesses holding money in banks) to the mortagage borrowers.
Borrowing money to fund consumption now won't result in long-term inflation if we consume less in the future to account for the pulled-forward demand. I doubt that will happen.