PatriotReactor on Nostr: πππππ ζͺγγγγΌπΉ Central government defaults on debt ---> ...
πππππ ζͺγγγγΌπΉ (npub1hmpβ¦aqt3)
Central government defaults on debt ---> sells assets to cover losses ---> dollar rises in value ---> everything becomes cheaper for the average worker ---> central government becomes less relevant and consequently less powerful as people move on with life ---> companies who competed via rent-seeking and capturing of said government lose major advantage against smaller competitors ---> the average worker gets more opportunities.
Therefor they will hyperinflate instead, if only to be king of the hill for a few months longer.
Central government defaults on debt ---> sells assets to cover losses ---> dollar rises in value ---> everything becomes cheaper for the average worker ---> central government becomes less relevant and consequently less powerful as people move on with life ---> companies who competed via rent-seeking and capturing of said government lose major advantage against smaller competitors ---> the average worker gets more opportunities.
Therefor they will hyperinflate instead, if only to be king of the hill for a few months longer.