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Isn't all of its debt dollar-denominated? edit: Now that I think about, it isn't. They have inflation-indexed bonds as well. The more they print money, they bi
by uvdiv 15y ago
Isn't all of its debt dollar-denominated?
edit: Now that I think about, it isn't. They have inflation-indexed bonds as well. The more they print money, they bigger their debt grows!
http://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm http://www.treasurydirect.gov/indiv/products/prod_tips_glanc...
- djcapelis 15y agoYes, but which agency determines the rate of inflation? :)
- mdda 15y agoAt the end of the day, politicians could mandate that the government statisticians lie about the inflation rate (make it artificially low to lower CPI-index bonds payout rate). But the currency markets would not be so easily fooled.