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> the US government can’t inflate away its debt Of course it can. if the government "owes" $20T, it could simply print a $20T note and pay off its creditors.
by iso1631 5y ago
> the US government can’t inflate away its debt
Of course it can. if the government "owes" $20T, it could simply print a $20T note and pay off its creditors.
For over 10 years interest rates people pay for US debt has been below inflation. Why do you think they can't inflate away the debt when the last 10 years shows that happening?
- imtringued 5y agoI don't know what you mean. Inflation has been incredibly low in the past 10 years meanwhile debt has to structurally go up every year because the global economy needs more dollars.