Post
Topic
Board Economics
Re: America's new debt ceiling - $19,600,000,000,000
by
OrientA
on 29/10/2015, 21:47:07 UTC
Its just a number. Everyone knows that they have no intention to pay it back. Even if you add 10 more zeros it will have no impact since its worthless.
0*19600000000000 = 0
0*19600000000000000000 = 0
You can add as many zeros you want and it's still just worth what you are paying back, in other words 0


That is the spirit. There is no way the debt will be paid back. The debt will be inflated away, as many governments do in the past centuries.