### Comment:
Surely you can't be as retarded as saying 'print money out of thin air'. My rents been going up 3% every year because of your keysenian nonsense.

### REPLY:
I'm not saying it wouldn't have externalities. I'm saying because the USD is the currency that you borrowed in, and you have the ability to create more USDs, your debt can disappear if you're ok with some inflation. One can imagine a situation where this would be a good decision. Any way you cut it, your alarmism about Europe's debt crisis simply doesn't apply. In fact, it's a perfect argument FOR keeping this ability to inflate away your debt. The Euro was a bad idea precisely for this reason.

### END.