Can inflation overcome deflation?

Can the burden of debt be reduced by inflation?

If one applies a simple analysis, one could reasonably say yes. But one should not forget that inflation is most certainly not benign.

Can inflation overcome deflation?

Jay Taylor thinks it can't:

“What you are suggesting when you argue that money creation can always overcome deflation, is that the amount of money that has to be taken out of the economy to pay interest and principal does not represent a drag on the demand side of the economy. I beg to differ. Also, I believe… issuing more money actually becomes deflationary because of the exponentially rising debt levels associated with the need to accelerate money growth (and hence debt growth) to continue stimulating one new dollar of income.”