duck on Nostr: The alternatives are: 1) Pump food and oil to inflate away the debt, in which case ...
The alternatives are:
1) Pump food and oil to inflate away the debt, in which case billions starve to death, possibly violently.
2) Default on the debt & execute the Great Taking to keep the system from collapse, leading to Great Depression 2.0
3) Productivity miracle
4) Inflate something "not used for anything" so no one starves & no debt collapses in nominal terms.
- luke
1) Pump food and oil to inflate away the debt, in which case billions starve to death, possibly violently.
2) Default on the debt & execute the Great Taking to keep the system from collapse, leading to Great Depression 2.0
3) Productivity miracle
4) Inflate something "not used for anything" so no one starves & no debt collapses in nominal terms.
- luke