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173 sats \ 5 replies \ @Undisciplined 1 Oct \ on: Who’s afraid of the Big Bad Wolf? econ
Inflation is really just another form of default, sort of. I guess it depends on what everyone's expectations were.
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42 sats \ 2 replies \ @kepford 1 Oct
How many times has the US defaulted on the "dollar"?
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0 sats \ 1 reply \ @Undisciplined 1 Oct
I don't recall off the top of my head. I've seen articles where they list them all out.
FDR gold confiscation and revaluation is one Bretton Woods is another Nixon suspending gold convertibility is another
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42 sats \ 0 replies \ @kepford 1 Oct
And yet multiple politicians have acted like this never happened. Biden is the one that comes to mind first but I know he's not alone.
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42 sats \ 1 reply \ @0xbitcoiner OP 1 Oct
Inflation is really just another form of default, sort of.
Huh, good take. Never really saw it like that, kinda feels like a slow, quiet default!
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33 sats \ 0 replies \ @Undisciplined 1 Oct
Yeah, but that's only true if the if the bond holders weren't expecting it.
It's probably more accurate to say that inflation above expectation is a form of default.
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