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Countries can inflate their debt away at the cost of eroding savings and new borrowing becoming more expensive, no? https://www.statbureau.org/en/greece/inflat
by iknowstuff 1mo ago
Countries can inflate their debt away at the cost of eroding savings and new borrowing becoming more expensive, no?
https://www.statbureau.org/en/greece/inflation-charts-yearly https://www.statbureau.org/en/greece/inflation-charts-yearly
- nradov 1mo agoCountries can't push that approach very far before new borrowing doesn't just become more expensive, it becomes effectively impossible.
- realityking 1mo agoCountries with poor credit struggle to issue debt in their own currency. Being able to inflate your debts away is a privilege of the rich.