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| You can't inflate your way out of debt because everything costs more when you are manufacturing the inflation (ie putting more currency into the system)
What you don't hear any of the "smart economists" say, because they are not given a voice, is the only way to inflate your way out of debt is to cut spending significantly so you can pay down the debt. If you are spending more than you take in, and keep driving up costs of everything, then you increase even more how much you spend. It is why debt expansion is now exponential. Exponential curves don't end well in monetary systems.
In a nutshell, no - government will not inflate its way out of debt. Never will. It is not how the system is designed. And at some point people need to ask themselves why are they paying taxes. Being in the exponential debt expansion phase is a good time to review that question. | |
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The main reason Interest rates will go unchanged through November
