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> Servicing the debt usually just means paying interest on it and rolling it over. That's not going to cause hyperinflation. I agree it's hard to imagine getti
by mac01021 7y ago
> Servicing the debt usually just means paying interest on it and rolling it over. That's not going to cause hyperinflation.
I agree it's hard to imagine getting to that point but, at least for me, that could simply be a failure of the imagination.
If debt growth continually outpaces GDP growth until the interest (or, particularly, until the 20% of the interest that must be paid to other nations) is a significant fraction of the GDP, and then a recession hits, might that do it?