pull down to refresh
133 sats \ 1 reply \ @Undisciplined 3 Oct \ parent \ on: Is it even worth paying off the debt in fiat land? econ
Not at all. I'm on team hard default.
Money printing extracts purchasing power from all dollar holders, not just those who voluntarily fund the state.
And then how do you prevent the sanctioning and removal of your government by the US military and SWIFT/IMF/World Bank cartel?
You think they will just stand by and watch as you free your nation from their debt slavery and set an example other nations would follow if unpunished?
You ignore the real world where the power projection capability of governments is fundamental to the wealth of nations.
reply