G’day Blake. You could also increase productivity faster than your debt. But I think that options will be selected in the following order: 3 deliberately followed by 2 by accident then 1 as a consequence. Only a few will choose Bitcoin.
Gm nostr fam ☕️ ☀️
Considering figures such as global debt-to-GDP and U.S. unfunded liabilities, there are only three ways I can think of to meet these obligations.
1) Austerity
2) Default
3) Money printing (inflation)
Money printing is most likely — given this insight, please consider this brilliant graph from Sam Callahan and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a showing that linear increases to global M2 are strongly correlated to exponential price increases in #bitcoin. 10+ year relationship. Don’t overthink it.
Discussion
You’re absolutely correct, Speedster, I forgot to mention what is sometimes called a “productivity miracle” that would outpace our debt growth.