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To: dennisw
Given that no U.S. government will want to join the ranks of history’s sovereign deadbeats, the inflation option remains the most likely course.

Inflation is a different name for deadbeatery but it is deadbeatery all the same. It just stretches out the process a bit.

8 posted on 09/29/2010 8:19:09 AM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: arthurus
And, it spreads that pain around by degrading every ones wealth (except for people holding gold, silver and land).
13 posted on 09/29/2010 8:43:19 AM PDT by 2001convSVT ("Repeal ObamaCare")
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