>>>>>>It's much, much worse.
>>>>
>>>>Only because you allow it to be. When you owe, inflation is your friend. ;-)
>>>
>>>Lived through this kind of 'remedy' back in 80ies and later in 90ties. Inflation is nobody's friend !
>>>Think switching earnings of 100k/year in today's dollars into 100 000 (or billions) of deutchemarks of 1923 (and everything that came thereafter).
>>>http://en.wikipedia.org/wiki/Hyperinflation
>>>
>>>What you are implying is dangerous macroeconomic gamble which btw is what they are already doing with QE1 , QE2 and
>>>soon enough QE3. Results we got so far from that, is global increase in commodity prices (food prices > normal => recent uprisings)
>>>and almost negligible economic 'recovery'. There is NO real solution to debt problem other then making money and repaying it.
>>>What they are doing so far with QEs (money printing) is if you ask me, like rocking the boat to try get the water out...
>>
>
>>IMO inflation and hyperinflation aren't really the same thing.
>
>Former very easily leads to later.
>
>>
>>expecting countries to deal with their debt problems through austerity is not going to work.
>
>Ok then we have an easy solution; All countries to convert their debts to dollars and then we all let the FED sink the dollar... {g}
>
>When it comes to smaller countries (Greece, Portugal etc) probably the best solution for them would be to step out of euro and do what Argentina did. But what the heck you do with US size of debt ?
>
>>
>>Funnily if Germany was a person it would be Marcia.
>Watch out, there could be rolling.pin and/or sauce.pan flying your way... {g}

She's got both hands full pulling up the good times ladder behind her.