Yes in a fiat money system they are able to inflate away the debt as they can print more and more debt in order to pay off maturing debt. There comes a point though where people lose confidence in the paper money and that's when you get the hyperinflationary collapse. Hyperinflation is the surest way to destroy debt.
Yes in a fiat money system they are able to inflate away the debt as they can print more and more debt in order to pay off maturing debt. There comes a point though where people lose confidence in the paper money and that's when you get the hyperinflationary collapse. Hyperinflation is the surest way to destroy debt.