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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (216737)2/1/2005 11:46:43 PM
From: Elroy  Read Replies (2) of 1572137
 
In that case, our federal debt has no implications whatsoever, since we can simply print more money (i.e. allow inflation to soar) to reduce that debt.

No, it means the US will never go bankrupt because we can simply print more money, however there are certainly "implications" to doing that (lower exchange rate, from inflation).

I don't think any country has ever declared bankruptcy!
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