Post Says Governments Will Let Inflation Run Hot as Debt Levels Rival the WWII Peak, Pointing to a Return of...

According to the post, governments around the world will let inflation run hot because they have to. It says they are drowning in debt at levels similar to the WWII peak.
The post notes that back then, governments used financial repression, keeping interest rates below the rate of inflation to reduce debt-to-GDP ratios to more manageable levels:
• US: 106% -> 23% (1974) -> 102% today
• UK: 270% -> 50% (1975) -> 100% today
• Italy: 74% -> 24% (1947) -> 140% today
The post describes this as an endless cycle in which countries pile on debt, inflate it away or default, and then pile on debt again. It says we are currently at the beginning of the "inflate the debt away" part of the cycle, and that investors either own hard and productive assets or will be left behind.