Wednesday, April 15, 2015

Brian Romanchuk — Questions Raised By The “Inflation Is The Same As Default” Theory

I quite often see variants of the following statement: “The government will be forced to default because of its debt load, or else pursue inflationary policies, which is another form of default.” In my view, this is a soundbite, not serious analysis, and it is very difficult to reason with soundbites. This article is a series of questions that are raised by this concept.
Bond Economics
Questions Raised By The “Inflation Is The Same As Default” Theory
Brian Romanchuk

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