I have never seen an economist explain how it could be possible for the United States to survive its growing debt burden and Lawrence Lepard, “fix the money, fix the world”
by Larry Chiang on November 2, 2023
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| I have never seen an economist explain how it could be possible for the United States to survive its growing debt burden.
Does anyone have a serious explanation how this is survivable?
Seems too big to inflate away, and I see no way GDP increases enough to make it up.
Do we… |
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| 11/1/23, 7:45 AM |
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I have never seen an economist explain how it could be possible for the United States to survive its growing debt burden.
Does anyone have a serious explanation how this is survivable?
Seems too big to inflate away, and I see no way GDP increases enough to make it up.
Do we issue a new crypto currency of some sort and invent money from nothing?
Does the coming robot/AI era goose our GDP so much we pay off the debt in time?
Do we start charging our smaller allies for “protection”?
Name any scenario in which America survives its debt burden.
WordPress’d by LarryChiang
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| @ScottAdamsSays You are correct. There are two ways out: 1.inflation probably leading to hyperinflation. 2. currency reset (like Roosevelt 1933-34). Return to sound money, gold. Would require a gold price of $20-80k/ounce. No politicians understand this so number 1 it is. BTW just ordered… |
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| 11/1/23, 8:14 AM |
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