3 ms·
If it leads to hyperinflation, yes it is a de facto default. However, the simple act of printing money isn't an act of default, and there may be valid reasons
by j_baker 15y ago
If it leads to hyperinflation, yes it is a de facto default. However, the simple act of printing money isn't an act of default, and there may be valid reasons for it economically.
- redthrowaway 15y agoValid economically, sure. That doesn't mean it wouldn't be disastrous to investors, which is what S&P cares about.