4 ms·
You forgot to mention governments going out of business too. Half of US debt (15 trillion) needs to refinanced in less than two years, which is unaffordable if
by gregw134 4y ago
You forgot to mention governments going out of business too. Half of US debt (15 trillion) needs to refinanced in less than two years, which is unaffordable if interest is above inflation.
- eloff 4y agoThat's affordable if they buy their own debt through "quantitative easing" - which means printing money - but then you're back to inflation getting worse.