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Since the debt is in dollars and not in gold, this does not matter. I never heared that national debt would be updated to reflect inflation. And I don't think W
by lkozma 17y ago
Since the debt is in dollars and not in gold, this does not matter. I never heared that national debt would be updated to reflect inflation. And I don't think WW2 debt was ever paid in any dollars. It's interest was paid in 1945 dollars, then in 1946 dollars, etc.
What you say about inflation matters only if debt is in a different currency, which was Argentina's case, but not the US.