Yes, but also - they lie about the inflation and force the public to hold the bo... | Hacker News

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		wholesomepotato on Nov 30, 2023 \| parent \| context \| favorite \| on: U.S. GDP Grew at a 5.2% Rate in the Third Quarter,... Yes, but also - they lie about the inflation and force the public to hold the bonds anyway (aka. financial repression, yield curve control).

cwalv on Nov 30, 2023 [–]

Exactly. YCC is already happening in Japan; it's inevitable here too. The only alternative is outright default, which never happens when the debt is denominated in currency the debtor can print.

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