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> That’s true, but it misses the point because printing money is debasing your currency, not defaulting on debt. > And if it’s true that borrowing $x billion a
by rubyn00bie 6y ago
> That’s true, but it misses the point because printing money is debasing your currency, not defaulting on debt.
> And if it’s true that borrowing $x billion and printing money can be done without consequences ‘almost indefinitely’, then why stop at x? Why not 2x, or 10x, or 1000x?
That's my whole fucking point. For America, right now, we pretty much can. And if we chose to invest it in ourselves instead of subsidising rich fuckos we'd surely see a positive return on our investment even (thereby paying it off).
sigh There's literally no place worse on the internet for Economics than HN. I should just delete this fucking account.