3 ms·
Decades are not very long for debt. People usually hold bonds for decades. The issue will come in when the cost to pay interest exceeds revenue. We would need
by mkirklions 8y ago
Decades are not very long for debt. People usually hold bonds for decades.
The issue will come in when the cost to pay interest exceeds revenue. We would need debt to pay back debt, it will be THEN that we have hyper inflation.
If you have historical examples where this was avoided without printing money or invading a country, I'm interested.