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> central money debt is an accounting trick It has to be accounted for at some point. Either via massive inflation on the order of hundreds of percent...or so
by the_real_cher 2y ago
> central money debt is an accounting trick
It has to be accounted for at some point.
Either via massive inflation on the order of hundreds of percent...or somehow GDP has to rise by hundreds of percent to pay it back.
It's a very real problem.
- orwin 2y agoIt really doesn't. The 'borrowed' money is already in circulation and causing the inflation right now. The main issue is pension funds and low risk investment accounts that will have trouble finding new derisked investment opportunities.