3 ms·
In practice, we don't need to outright repudiate the debt, we can just expand the money supply (i.e. "print more dollars"). This causes inflation but is not as
by lacker 18y ago
In practice, we don't need to outright repudiate the debt, we can just expand the money supply (i.e. "print more dollars"). This causes inflation but is not as bad as just breaking our promises.