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It may be a large caveat,but at least it doesn't try to frame national debt as the same kind of debt as households deal with when they take out a loan. It is fu
by SubiculumCode 8y ago
It may be a large caveat,but at least it doesn't try to frame national debt as the same kind of debt as households deal with when they take out a loan. It is fundamentally different. Debtors can't print money to pay off a loan.
Also inflation does not just happen if you print money. The increased demand has to meet a lack of supply. Most historical cases of hyper inflation involved disruptions to supply capacity. America is not really in that position, and I suspect this is one of the reasons we see few signs of inflation these days in America.