> Or we let inflation eat away the debt, turkey style. We kinda tried that in Italy in the '70s/'80s. Spoiler: it didn't work. Globalized money markets can be

> Or we let inflation eat away the debt, turkey style. We kinda tried that in Italy in the '70s/'80s. Spoiler: it didn't work. Globalized money markets can be assumed to be more reactive than public policy pretty much all the time now, so they will keep raising interest rates faster than governments can handle, more-than-countering expected inflation and making the debt spiral eventually unbearable. Even Keynes expected to pay back (some) debts when the economy does well.