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Politics : Formerly About Advanced Micro Devices
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TimF
To: bentway who wrote (947382)7/16/2016 12:24:57 AM
From: i-node1 Recommendation   of 1578142
 
>> But the government controls the legal-tender currency in which its bonds are issued and can always pay its bills with cash. A more plausible worry is inflation—notably, the threat of rising energy prices in an oil-short world—alongside depreciation of the dollar, either of which would reduce the real return on government bonds. But neither oil-price inflation nor dollar devaluation constitutes default, and neither would be intrinsically “unsustainable.”




Exactly what they'll do. But there is this gotcha called "COLA". The more money you print, the higher the COLA. The higher the COLA the more money you spend. And not only are you spending it on SS and Medicare you're spending it on everything the government buys.


There is no free lunch. If you think they are going to get out of this insolvency by printing money you're nuts. They'll try it, but it doesn't solve the problem.
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