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I'd take another look, didn't he say that there exists inflation adjusted debt, which I don't think you can print money to get out of debt.
by Tyr42 12y ago
I'd take another look, didn't he say that there exists inflation adjusted debt, which I don't think you can print money to get out of debt.
- hnnewguy 12y ago>there exists inflation adjusted debt Because they decided to issue it, mainly to instill confidence in a currency with a history of big inflation. But this isn't the norm. It doesn't change the argument that it is impossible to be unable to "pay back" something that you have an infinite supply of.