This was always the only option. The debt has been allowed to grow too big to deal with any other way, other than the nuclear option, default. And I honestly am terrified of the consequences, both known and unintended of the default option. Inflation is the least painful, and dangerous, in the short-term for polticians.
The question is, can they ride the knife edge or are we doomed to spin up into hyper-inflation.
has anyone ever managed to ‘ride the knife edge’?