Originally Posted by Roughstuff
Well, quite a few stupid countries in the rest of the world have, yes. Since Milton Friedman made clear in the final decades of the previous century that inflation is a monetary phenomenon only, the vast majority of industrial democracies have brought inflation rates down to just a few percentage points per year. Runaway inflation is now almost exclusively found in banana republics throughout the third world.
roughstuff
True enough, but how wise do you think it is to run an economy based on debt, mostly funded from abroad?
Remember how Enron's rosy future suddenly evaporated? How much will the dollar be worth once the foriegners who own your debt begin to wonder when it will be paid back?