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> let inflation eat the debt burden. Good news everyone! By destroying our economy we have successfully reduced the real cost of the debt by 80%! Unfortunately
by idiotsecant 4y ago
> let inflation eat the debt burden.
Good news everyone! By destroying our economy we have successfully reduced the real cost of the debt by 80%! Unfortunately, we now need to print massive piles of money to incentivize economic activity again!
Ouroboros, meet tail.
- bjornsing 4y agoI agree it’s risky business, but that is what happened in the 70ties. So it is possible to let inflation eat say half of the US national debt. That’s 13 trillion USD… Even if the US economy shrinks by 5% in the process it may still be beneficial for many. This is the extraordinary economic incentive I was referring to above.