supdave98 on Nostr: He actually said inflating your way out is how “all other civilizations did it.” ...

He actually said inflating your way out is how “all other civilizations did it.” Yeah, they tried and it collapsed anyway. And he admitted that you’re still increasing the debt, he knows you’re hosed. He knows you have to cut SS, Medicare, and defense, plus reduce the federal government size and spending, just to stay even (but then they all get tossed out of office and replaced with people that lie to you and tell you they can fix it) then print and debase the currency to pay for the debt you have already incurred. But the new people restore the benefits because that’s why they were newly elected. When we use a currency they can’t inflate, and can’t pay for benefits and war through debt, the new people can’t restore the old system. The US also loses its place as the world policeman and then what? Hopefully, my friends in the Service will stop getting killed in wars that don’t protect us, and we spend our fewer resources at home on our own citizens. Rant over.