Reason's like the UK has a higher debt ratio means nothing. The UK controls its own money supply !!!
It will buy us time is another. Time now but hyperinflation later.
Deflation is far better than hyperinflation !!!
trillions upon trillions will be thrown at this problem only to delay the inevitable for a few months or a few years.
Then when it comes back to haunt us again we will do the same thing.
Then we will get hyperinflation because the world was flooded with trillions upon trillions of dollars because our leaders were too weak to take their medicine.
Once we get hyperinflation coupled with a depression then people will see what a real crisis is.
Inflating our debts away is not the solution.
This is not the 70's.
We will get inflation. But whats the use if a loaf of bread will cost you $100.
Even worse might need a wheel barrow to buy a loaf of bread.
So lets all borrow up now as our politicians will ensure that future generations will not have the luxuries we do.
When they look back at this time they will sit and wonder why were we so blind to see that piling debt upon debt will not solve our problems, and that all people had to do was just take their medicine.
