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A comment on Rewarding Neglect and Punishing Investment in Struggling Neighborhoods. Parent comment

Re:Rewarding Neglect and Punishing Investment in Struggling ... by thaumasiotes on Thursday March 14, 2019 @03:13AM (#19387091)
>> Having the ability to mint fiat money doesn't mean you can pay for whatever you want.

> It actually does when talking about pre-existing obligations denominated in the currency.

It still doesn't. It means you can default while calling the default "inflation". Doing so wipes out all other currency holders in addition to you, but it doesn't mean you met your obligations.

(This is basically the same thing as you're saying, but let's be clear about what it means.)

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Re:Rewarding Neglect and Punishing Investment in Struggling ... by dragonwriter on Thursday March 14, 2019 @08:26AM (#19388566)
You're simply wrong: if the obligation is denominated in your currency, you absolutely do meet it: it's not any kind of default. Yes, the creditor gets less than they would have without the monetization, but that's not default, because currency value is expected to change over time and an obligation denominated in a currency accepts that variability by definition.
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