Sabri wrote: > Hyperinflation happens for one reason only: foreign debts denominated > in foreign currency. Foreign debts denominated in domestic currency > and American exceptionalism are the same thing, because the USA has > been the only country in history with foreign debts denominated in > domestic currency.
Sabri, You must be seeing something invisible to me. Parsing your argument: Hyperinflation is ruled out because the debt problem is ruled out. The debt problem is ruled out because all US debt is in USD, i.e. because the U.S. can always hyperinflate its way out of its debt problem. Hyperinflation is impossible because of the very real threat of hyperinflation! What am I missing? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
