4 ms·
> there are only two options: default on the national debt(s) or devaluation I disagree that these are the only two options. There are quite a few other option
by marcell 6y ago
> there are only two options: default on the national debt(s) or devaluation
I disagree that these are the only two options. There are quite a few other options:
(1) Limit deficit spending and continue paying down the current debt
(2) Raise taxes to eliminate the deficit, and continue paying down the current debt
(3) Sell US government assets to pay down the current debt (land holdings, gold)
(4) A combination of the above policies