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It won't have the same effect, but it produces another incentive -- to get rid of our national debt all we have to do is print our way out of it thus drasticall
by dantheman 17y ago
It won't have the same effect, but it produces another incentive -- to get rid of our national debt all we have to do is print our way out of it thus drastically inflating our money, and robbing all holders of US Dollars.
- lkozma 17y agoAgain, from krugman-talks: no-one really needs to get rid of national debt, that is what Romania did in 80s and it was the worst economic move ever. You only need to service national debt, i.e. pay off interests, and exponential growth will take care of the rest. US debt right after WW2 is still there but it is peanuts in today's numbers.