Inflating away sovereign debt in developed countries

In this snippet of the WhatBitcoinDid podcast, Lyn Alden discussed how sovereign debt - debt held by the government - can and most likely will be removed from the US economy.

Creator	Time	URL
Lyn Alden	2min	Full source

Takeaway Countries that have a lot of debt denominated in a currency they themselves can create more off have the ability to simply create the money to pay of their debts at the cost of higher money supply and inflation. Furthermore, inflation means their absolutely denominated debts have essentially become worth less than before in purchasing power.