alt Hacker NewsI think you are missing the point. The point is it would materialize as inflation instead of debt default. Not that there is no downside risk.
I think you are missing the point. The point is it would materialize as inflation instead of debt default. Not that there is no downside risk.
Inflation is a kind of default, I'm not missing the point.
The value of the dollar is based on the promise of 2% inflation of a basket of goods. Breaking that promise is default.