In God We Trust! All others pay cash.
How does a society sustain itself when 40% of its tax revenue goes to interest payments on its debt?
Easy. Create hyperinflation by printing money out the wazoo.The new dollars are extremely devalued, and so you are paying back only a fraction of what you borrowed.Of course, it really screws your lenders, and nobody will ever loan you money again, and you become a third world nation. But hey...details.
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Easy. Create hyperinflation by printing money out the wazoo.
The new dollars are extremely devalued, and so you are paying back only a fraction of what you borrowed.
Of course, it really screws your lenders, and nobody will ever loan you money again, and you become a third world nation. But hey...details.
Post a Comment