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Reversing the debt based death spiral
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John Burns
Posted 2/10/2026 05:41 (#11546690 - in reply to #11546561)
Subject: RE: Reversing the debt based death spiral



Pittsburg, Kansas
Or just create the new currency. That is the way historical account shows it.

And that never ends well.

Heck wasn't that many years ago MMT theory pushers said no problem. A sovereign nation with all their debt issued in their own currency, easy peasy, no problem to just create all the currency needed. No way to default. So they said. Don't hear that much from them anymore. Now that we have been living it.
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