>> When you control the currency the debt is denominated in you can just devalue it until the debt is no longer a problem. That's called inflation, and the pub

>> When you control the currency the debt is denominated in you can just devalue it until the debt is no longer a problem. That's called inflation, and the public really doesn't like it. Economists don't actually like it either, nor do governments like it to be too high as that can lead to lots of big problems.