The idea is they’re printing money, not just borrowing it, which in the extreme would cause hyperinflation (and is equivalent to default since debt is in nominal dollars). It probably seems less bad though.
It also makes for a fantastic heist movie premise.
The idea is they’re printing money, not just borrowing it, which in the extreme would cause hyperinflation (and is equivalent to default since debt is in nominal dollars). It probably seems less bad though.
It also makes for a fantastic heist movie premise.