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"If America were to in effect print $75 Trillion dollars over the next decade, to pay off all creditors and pay all unfunded liabilities, would that not cause hyperinflation..."

Nope. To print a U.S. Dollar, the government has to borrow a $1 first.

New money is introduced via new debt. Debt is deflationary. Debt is also cummulative. It doesn't go away.

New spending is the opposite: inflationary...but only for the short-term. Spending *does* go away.

Thus, at some point accumulated debt overcomes new spending. The deflation of the accumulated debt overwhelms the temporary inflation of new spending.

Once you reach this point, you enter a liquidity trap. Remain in the liquidity trap for too long and you will enter into a deflationary death spiral.

After you've reached this point, you can't simply run the printing presses to escape. That would merely add more debt (each new $1 printed comes with $1 in new debt).

That is why Japan's deflation is accelerating. Japan is printing more money/debt, well past the first inflection point of debt overwhelming new spending.