The other "horror" is that once we're NOT the world's reserve currency, we can't "inflate" out way out of debt. We'll actually have to pay it all back. If broke countries like Haiti could "inflate their way out of debt" they would... any poor country would. That's going to be us soon...
Our debt is in dollars, of course we can inflate and pay it all back.
If broke countries like Haiti could "inflate their way out of debt" they would...
Their debt is in dollars, so they're out of luck.