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So the foundational assumption by economists and fin-types - sociopolitical implications aside - is that resolving the debt is as simple and easy and jacking up
by chiefalchemist 2y ago
So the foundational assumption by economists and fin-types - sociopolitical implications aside - is that resolving the debt is as simple and easy and jacking up taxes?
Tell me when I can stop laughing.
- toomuchtodo 2y agoAlternatively, you print fiat and inflate away the debt ("currency debasement"). Favorable for those with debt, unfavorable for those holding currency and assets. Regardless, at some point, the music stops and the collective delusion this debt gets paid back ends. "Extend and pretend."