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>This would cause inflation, increasing interest rates, exacerbating the problem and spiraling out of control. So you would think from Econ 101, but that empir
by aphextron 7y ago
>This would cause inflation, increasing interest rates, exacerbating the problem and spiraling out of control.
So you would think from Econ 101, but that empirically has not been the case. We're in uncharted waters at this point.
- TylerE 7y agoOwe the bank $100,000? The bank owns you. Owe the bank $1,000,000,000,000? You own the bank.
- neural_thing 7y agoNot uncharted, just takes some persistence to find a precedent. See John Law.