DEFAULT BY INFLATION IS MUCH WORSE.
http://www.realclearpolitics.com/video/2011/07/28/ron_paul_default_is_coming.html
Why is default by inflation worse? Because, as Friedman states, inflation raises the INTEREST RATE ON THE DEBT. It goes not to a "little default" but "sudden default with hyper inflation and runaway INTEREST on the Debt"
Posted by Dave
at 7:29 PM PDT
Updated: Thursday, 28 July 2011 7:32 PM PDT
