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Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)
Re: because (4.00 / 2)
Governments CAN print money to pay debt. Of course, it leads to quasi-default in the form of inflation, but it is possible, and has been regularly done.

And it is still the most likely outcome for the US / the $ in the medium term.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue May 19th, 2009 at 03:39:46 PM EST
[ Parent ]
Re: because (none / 0)
Clearly. But see my post about the Chinese above somewhere.

Free at last! Free at last! Thank God Almighty, we are free at last! (Martin Luther King)
by ValentinD (walentijn arobase free spot frança) on Tue May 19th, 2009 at 03:54:10 PM EST
[ Parent ]

Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)
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