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So, Brazil had it good when they had high inflation because debtors... Wait... doesn't CC rates go up during inflationary times? But Ok, maybe we should follow

by mc32 4y ago

So, Brazil had it good when they had high inflation because debtors... Wait... doesn't CC rates go up during inflationary times? But Ok, maybe we should follow the example of Brazil, right?

bsaul 4y ago
It’s very different if your debt is in your national currency ( that will loose value if your country turns to shite), or in another currency. US can print money as long as it wants to pay its debts. It may have an impact on the interest rate for future debts, but at least it won’t default on the current ones.
deleted 4y ago
[deleted]