4 ms·
I suppose I omitted inflating away all debt, but my impression is that high inflation isn't a tool one wields much control over. I remember reading about the i
by loufe 2y ago
I suppose I omitted inflating away all debt, but my impression is that high inflation isn't a tool one wields much control over.
I remember reading about the immense debt around the time of the French revolution in both France and England. The French "ate the rich" and allowed inflation to erase government debt. England stuck to the plan and spent (from memory) a century in somewhat austere conditions paying down theirs. I find it tough to stomach both options, either will disrupt the calm and stable economy I've spent my entire adult life in so far. It's not a "need", things at this point simply will change.