> As an entertaining thought, try to picture what would happen if Greece, or even the US, would go bankrupt (i.e., default on state bonds). Argentina has done

> As an entertaining thought, try to picture what would happen if Greece, or even the US, would go bankrupt (i.e., default on state bonds). Argentina has done so at least once. I prefer default to inflation. With default, either folks stop lending to govt or their lending becomes a donation. Since govts can't be trusted to borrow, either one is an improvement over inflation.