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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (216737)2/1/2005 3:56:37 PM
From: SilentZ  Respond to of 1585462
 
>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.

Or increase the debt from other sources.

-Z



To: Tenchusatsu who wrote (216737)2/1/2005 11:46:43 PM
From: Elroy  Read Replies (2) | Respond to of 1585462
 
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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