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Yes, inflating away currency to become worthless is a time-honored method for countries to tackle their debt obligations.
by drcode 10y ago
Yes, inflating away currency to become worthless is a time-honored method for countries to tackle their debt obligations.
- mason240 10y agoWhich would be equivalent to just seizing the private retirement accounts of the middle class, which is how I foresee the SS shortfall being address (in the form of extra taxes on withdrawl from retirement accounts).
- drcode 10y agoHmmm... maybe I need to start liquidating my 401k early and just accept the penalty...