Actually, many international investors are seeking the safety of the dollar right now.Currency is devalued right now. Inflation? The dollar will be like the pesos soon under Frump
That said, we really could be looking at '70s like stagflation again over the next decade. It certainly would make the national debt 'cheaper' in the end.
But it wouldn't be the best for the American consumer. At the same time, we've been spoiled for 35+ years, so we probably deserve it.
I'm most worried about petroleum getting too cheap, we need it at $3-4/gallon at the pump.