^have you ever heard of Ricardian Equivalence? You seem pretty igorant, hedgefundtrader. Honestly. You might be a good trader, but you'd make a horrible investor or policy analyst.
this was the south american solution peron and SA till ten years ago. you americans better get off your high horse because there will be a day you will be so poor that china won't sell to you.
Printing more money leads to a beautiful phenomena that you must experience first hand to truly appreciate: Book a ticket for yourself and whoever you wish to accompany you for the paradise vacation of a lifetime, to Zimbabwe. They take American Express, I think (just make sure it's a black), at some of the fancier joints. If not, take either one of these if you want to be able to eat:
The obvious way out for the USA is to have a "fire sale" of US assets.................. I'll start the bidding for Disneyland at 1m dollar er I mean 1 Euro
^yeah, I know from Boston Public Schools....spitting distance from Harvard, and yet the kids carry guns instead of books. Gotta go to the burbs to get a mediocre education, and to a 40k/year private to get standard Canadian education. I'm in Canada now. I'm amazed at the quality of public school grads. I'm a U.S. public school grad, but was smarter than 99% of my classmates. In Canada, I'm at ~70th percentile.