[ARCADIA]

They are, and so are we. An economy based entirely on cheap debt is unsustainable. We are stuck between a housing bubble and rising energy costs and the clock is ticking.

[economist-student]

The only solution is either outright default to our foreign obligations or "inflate or die". The former will have huge short-term implications while the latter will have even greater long-term implications such as continually declining living standards and capital misallocation