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173 sats \ 5 replies \ @Undisciplined 12h \ 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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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
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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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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