Yes, I remember my great, great, and a few greats grandfather signing this loan document.
I’m here to collect what is owed to me now.
No small bills or loose change. I am willing to negotiate a couple of zeroes off, out of good will.
It looks like Greece and the rest of them are going to have to to the end of the line.
“Adjusting for compound interest and inflation, the total debt now lies in the trillions, by RBB’s estimates”
I know it makes for a more interesting story but, debt service isnt adjusted for inflation after the loan is made. you make a loan, set the interest rate and the payment terms and off you go.
I don’t know why you would adjust for inflation. A debt is a debt, it had an interest rate associated with it, and the total owed now would be the original principle plus all the accumulated interest.
It does look like the interest rate was high enough to cover inflation though.