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Why do you think that there is going to be a credit default crisis. The governments around the world are experts in printing money and kicking the can down the
by ab_testing 5y ago
Why do you think that there is going to be a credit default crisis.
The governments around the world are experts in printing money and kicking the can down the road. In the US, medicare is going to not be able to repay its bills in less than 4 years. They will combat all of that just by printing more money and letting inflation run at 6-7%.
- nradov 5y agoThat doesn't make any sense. Higher inflation won't keep the Medicare program solvent. The usual approach has been to cut the fees paid to healthcare providers. That's why Medicare beneficiaries in many areas have trouble finding doctors willing to take them on as new patients.
- lamontcg 5y agoThis time is different. There's increases in wages right now as well and employees are demanding higher salaries. They don't care about asset price inflation, they care deeply about wage-price spirals.