We're not borrowing anything objectively real. We are "borrowing" fiat money tha... | Hacker News

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api on June 22, 2013 | parent | context | favorite | on: Buzz Aldrin calls for humans to colonise Mars

We're not borrowing anything objectively real. We are "borrowing" fiat money that we can inflate or simply abandon any time we feel like it. If the US can't service its debt, it will simply devalue it.

genwin on June 22, 2013 [–]

Yes it will devalue it. That will still have consequences enough to want to avoid unnecessary borrowing now.

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