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To: ctdonath2
A major instigator of WWII and “Weimar” hyperinflation was that Germany owed more than it could sanely repay.

Right. But that can be said about more than Germany. Simple analogies are probably a little too much so.

39 posted on 08/04/2011 8:27:48 AM PDT by _a_0_0_
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To: _a_0_0_

Yes, that can be said about more than Germany.

Greece is on that verge.
Zimbabwe went that route.
Numerous other countries have done the same: facing overwhelming debts and insufficient revenue, inflate the currency, confiscate wealth, and kill creditors.

Please show me how I’m wrong here.
Please. I don’t want to go down that path, but don’t see any other way, as the most mundane sufficient tax-and-cut will instigate revolt from all corners, and short of that the growing interest will soon overwhelm all possible revenue.


41 posted on 08/04/2011 8:34:27 AM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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