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A comment on The One Number That Proves the Inflation Threat Is a Bogeyman. Parent comment

Re:The One Number That Proves the Inflation Threat Is a Boge... by Symmetry on Monday April 30, 2012 @04:31PM (#3911298)
The debt situation might get out of hand, but that doesn't necessarily mean we're headed for inflation. The US has gone for hundreds of years without a default[1] and I'm sort of proud of that as a US citizen, but if worst came to worst we could always just default - unlike, say, 1920s Germany.

[1] There was a few payment in the 1970s that was slightly late due to a clerical error, but that hardly counts.

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Re:The One Number That Proves the Inflation Threat Is a Boge... by cperciva on Monday April 30, 2012 @04:44PM (#3911383)
Removing the ability to exchange US dollars for gold was arguably a form of default.
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Re:The One Number That Proves the Inflation Threat Is a Boge... by grandalf on Monday April 30, 2012 @04:59PM (#3911464)
I agree that it doesn't necessarily mean we're headed for inflation, but I think the counterfactual is that the US is headed for even more dramatic economic hegemony.
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