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42 sats \ 1 reply \ @0xbitcoiner OP 12h \ parent \ on: Who’s afraid of the Big Bad Wolf? econ
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 12h
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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