[utherdoul]

just wait until hyperinflation starts to hit. We’ll be exchanging trillions of dollars in debt for quadrillions.

[ClearCase_guy]

We often say that the EU is unsustainable. Part of the problem that, say, Greece or Portugal have is that they are tied to the euro. If they were indepedent, they might have more success in fixing their problems.

Perhaps we are not so different. The federal government holds the states hostage within a bankrupt system. If a state could abandon the US dollar, they might have more success in fixing their problems.

I support secession. Hey, it couldn't hurt.

[curiosity]

just wait until hyperinflation starts to hit.

I seriously doubt there will be any significant inflation (beyond the 2-3% a year the Fed wants). Why? Because politicians stand to gain very little from it. All the entitlement programs driving our debt problem are indexed to inflation. Hence higher-than-expected inflation will only make the short term budget situation worse.

Historically, politicians have only resorted to hyperinflation when nominal debt service was the main driver of their fiscal problems. That is clearly not the situation we are in today.