Now we are riding the tiger, and when the music stops, there is going to be carnage. This is a result of unbridled creation of fiat money through an endless easy credit fiesta. The bill will come due when the foreigners stop ponying up to the bar, and America "goes Argentina."
The day of reckoning for our decades of credit binging is coming due. We will suffer the fate of EVERY NATION IN HISTORY which has climbed ever further out onto the unilmited fiat money branch.
Or perhaps (to ask you for the 20th time) you will now answer the question:
NAME ONE COUNTRY IN HISTORY WHICH HAS PRINTED ENDLESS FIAT MONEY AND GORGED ON DEBT CONSUMPTION, WHICH HAS NOT COLLAPSED IN RUIN AND TEARS.
Just one. Surely, you can name just one.
The United States has not printed endless fiat money or gorged on debt consumption.
So, there is no goldbug cure for deflation? Or do you just not know it? Or do you know it and just won't tell us? Is it a secret? Do we need to know the secret handshake first?
That is not an honest question because the answer is already in the question. It is like condemning sports cars because some loons kill themselves by driving too fast.
There has NEVER been a responsible modern government do what you claim they all do. Weimar Germany did it to eliminate the shackles of the reparations.
You show me ONE responsible, advanced country which has just opened the printing presses and let 'er rip. JUST ONE.