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40 sats \ 2 replies \ @Undisciplined OP 23 Feb 2024 \ parent \ on: They'll Never Pay Down the National Debt econ
Yes, but "enough" is a catastrophic amount of inflation. Jane Johnson didn't get into the details in this video or in the article, but she brought up that she had started penciling out how much inflation would be required.
The takeaway is that regardless of the approach, this is a preposterous amount of debt with no feasible prospect of repayment.
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30 sats \ 1 reply \ @siggy47 23 Feb 2024
No doubt. I was half kidding, but I'm sure it has occurred to a few policy makers.
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120 sats \ 0 replies \ @Undisciplined OP 23 Feb 2024
I think the strategy will just be to attempt to "manage" debt service, until we hit some breaking point.
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