12 ms·
In other words the solution is some serious level of sustained inflation.
by candiodari 3y ago
In other words the solution is some serious level of sustained inflation.
- gorjusborg 3y agoTheoretically, that'll make the debt easier to pay, given enough time. However, there are levels of debt-to-income that prevent the borrower from getting that time (insolvency exists). I am hoping policy-makers have a more sophisticated approach than 'money printers go brrr'. Economies like price stability. Deflation and inflation can be destructive in the extreme.