We’ve already printed money, the fifth option, and in my opinion may well print a whole lot more.
This is said so matter-of-fact yet not given much more weight in the argument presented for default. As I see it, default and inflation are the only two ways out of this (and I'm not sure they are binary and mutually exclusive). Both seems to penalize the affluent with assets and benefit those with debt.
Why people not talking more about inflating our way out of this? Wouldn't a devalued currency also increase jobs as things are brought back on-shore?
This is said so matter-of-fact yet not given much more weight in the argument presented for default. As I see it, default and inflation are the only two ways out of this (and I'm not sure they are binary and mutually exclusive). Both seems to penalize the affluent with assets and benefit those with debt.
Why people not talking more about inflating our way out of this? Wouldn't a devalued currency also increase jobs as things are brought back on-shore?