Re:Richard Stallman: We Can Do Better Than Bitcoin
by mkirklions on Monday November 26, 2018 @10:03AM
(#18533766)
Decades are not very long for debt. People usually hold bonds for decades.
The issue will come in when the cost to pay interest exceeds revenue. We would need debt to pay back debt, it will be THEN that we have hyper inflation.
If you have historical examples where this was avoided without printing money or invading a country, I'm interested.
The issue will come in when the cost to pay interest exceeds revenue. We would need debt to pay back debt, it will be THEN that we have hyper inflation.
If you have historical examples where this was avoided without printing money or invading a country, I'm interested.