### Comment:
Inflating the debt away is essentially a soft default and will rob Americans of their life savings and lose the dollar it's reserve currency status. Look what happened to the UK when they lost their reserve currency status. 
  
 Long term, China could actually come out on top in the scenario you guys are advocating for. America needs to USD to remain reserve currency.

### REPLY:
Yeah I didn't say it's a great idea, but in this scenario China was theoretically calling due debts. They simply can't do that in a way that has any meaningful threat. That's all. Wasn't saying it would be consequence free.

### END.