Their choice is death by inflation or death by deflation. Deflation means the rich see their portfolios lose value, it means the US (and other governments) is more likely to default on it’s debt, and the failure of pension plans/social security etc. inflation would mean the rich see their asset values skyrocket, sovereign debts would be more manageable, and the social security checks would still be sent out (even if they have zero purchasing power). I think governments would much prefer death by inflation.