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"The government is functionally bankrupt. So, what's the problem? They've been there for a while. If you can't pay the debt back, anyway, and you're not actually spending real money, just print some more and keep going. /sarcasm
Indeed. My new Monopoly board will include squares for the Weimar Republik and Zimbabwe, since someone's bound to go that route....
Exactly. If you keep printing money and you are first in line, you can end up owning the whole thing, Zimbabwe and Republik and all. It seems that the formerly perpetually bankrupt state of Argentina might have escaped with their new president. I understand each region can now issue its own money, so I suspect we will have fiscally sound productive red states with a stable currency, and we will have blue states who have a democratic imperative to provide free stuff for everyone who will have runaway inflation and a currency more worthless than the old Argentinian peso or the Zim $.
Sort of amuzing that this libertarian decided to run this public demonstration experiment to educate the world, and his own people. Of course Milton Friedman already told us all about it, but he is dead and forgotten now.