7 "As the inflation proceeds and the real value of the currency fluctuates widely from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery."

Do you agree with this well-known economist's view? Why or why not? How high do you think the inflation rate would have to climb before these effects would become pronounced? Do you see any evidence in support of this view in the United States?