FYI:
Mountains of unpayable debt
+ high inflation
+ Operation Chokepoint
= Financial repression 101
In simple terms, "financial repression" is the methodical, possibly forceful, transfer of purchasing power to the government from its citizens.
FYI:
Mountains of unpayable debt
+ high inflation
+ Operation Chokepoint
= Financial repression 101
In simple terms, "financial repression" is the methodical, possibly forceful, transfer of purchasing power to the government from its citizens.
They've learned from the past currency reforms and iterated. I just hope enough people did too.
