alt Hacker NewsWasn't that the plan all along, people always said "Ballooning Government debt is fine since unlike normal debt Governments can just print money and never really pay back the real value".
Someone has to get screwed over when you do that, who do you suggest get screwed over?
Replies
nthingtohide • 04/03/2025
I heard the term "bail-ins" used in this context. i.e. the elites will have to suffer the devaluation.
realusername • 04/03/2025
Other countries got screwed when doing that because the US used to have the world currency and could print money essentially without repercussions.
Note the past tense as this advantage is now gone with Trump.
That was a rainy day argument for not caring too much about debt. But what's happening now is we're raiding our savings account to pay for bath salts. No, it was not "the plan all along".