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Comment by paxys | Hacker News Reader
Full thread
paxys
·
And what about inflation?
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saulpw
·
Who cares? The roaring 20s will be great!
datadrivenangel
·
This needs to happen in order for the US to deal with its debts.
paxys
·
With the minor side effect that no one will be able to afford rent or groceries, but hey that's not what's important.
luke5441
·
Only works if the US actually sells bonds and not just T-bills. Otherwise the market can just price in inflation.
trgn
·
or dollar losing value
eitally
·
Causing the dollar to devalue is a part of the strategy.
m00dy
·
otherwise, it would be really hard to scale with a strong dollar :)
potatoman22
·
Elaborate?
hypeatei
·
Debt becomes cheaper with devaluation of the dollar, and the US has a lot of it.
AnimalMuppet
·
Not just that. Imports become more expensive; exports become cheaper. This helps US manufacturing.
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