Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account. Ludwig Von Mises
About This Quote

In this quote by John Maynard Keynes we see that we must be cautious about borrowing money because if we expect inflation and a decrease in value of money then we will be forced to pay higher interest and lose our capital.

Source: The Theory Of Money And Credit

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