“...as the foreign bond holders (lenders) will get far less back than what they paid (in real terms)...”
What’s to be said about domestic bond holders. Is our debt to ourselves harmless?
“What’s to be said about domestic bond holders. Is our debt to ourselves harmless?”
Kind of bites - I have a decent chunk of change, so not so good for me (but still better than being a debtor). But I am talking overall, and so lots of foreigners still hold lots of bonds.