Embed Notice

HTML Code

<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mastodon.social/users/HistoPol/statuses/112664645296138454">HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Sunday, 23-Jun-2024 16:00:59 JST</a><a href="https://mastodon.social/@HistoPol" title="histopol@mastodon.social"><img src="https://gnusocial.jp/avatar/44595-48-20221221005726.webp" width="48" height="48" alt="HistoPol (#HP) 🥥 🌴" style="position: absolute; left: 0; top: 0;">HistoPol (#HP) 🥥 🌴</a><div><a href="https://mastodon.social/@HistoPol/112664637568018108" rel="in-reply-to">in reply to</a><ul><li></ul></div></section><article><p><a href="https://masto.ai/@GhostOnTheHalfShell">@GhostOnTheHalfShell</a> <a href="https://a.gup.pe/u/economics-that-works">@economics-that-works</a> </p><p><a href="https://mastodon.social/tags/Economics" rel="tag">#Economics</a> <a href="https://mastodon.social/tags/PublicFinances" rel="tag">#PublicFinances</a><br><a href="https://mastodon.social/tags/US" rel="tag">#US</a> <a href="https://mastodon.social/tags/EU" rel="tag">#EU</a> <a href="https://mastodon.social/tags/ConvergenceCriteria" rel="tag">#ConvergenceCriteria</a></p><p>(4/n)</p><p>...well.</p><p>Debasing your currency, thus increasing market prices (<a href="https://mastodon.social/tags/inflation" rel="tag">#inflation</a>) while concurrently  devaluating your currency, thus reducing a state's debt in real terms is a tradition that is many centuries old.</p><p>The problem with external debt is, however, that if your debts are in another currency,  the printing press will not greatly diminish your indebtedness...</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/2957779#notice-6467104">In conversation</a><time datetime="2024-06-23T16:00:59+09:00" title="Sunday, 23-Jun-2024 16:00:59 JST">about 5 months ago</time> <span>from <span><a href="https://mastodon.social/@HistoPol/112664645296138454" rel="external" title="Sent from mastodon.social via ActivityPub">mastodon.social</a></span></span><a href="https://mastodon.social/@HistoPol/112664645296138454">permalink</a></footer></blockquote>

Corresponding Notice

Embed this notice
HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Sunday, 23-Jun-2024 16:00:59 JSTHistoPol (#HP) 🥥 🌴
in reply to
- GhostOnTheHalfShell
@GhostOnTheHalfShell @economics-that-works
#Economics #PublicFinances
#US #EU #ConvergenceCriteria
(4/n)
...well.
Debasing your currency, thus increasing market prices (#inflation) while concurrently devaluating your currency, thus reducing a state's debt in real terms is a tradition that is many centuries old.
The problem with external debt is, however, that if your debts are in another currency, the printing press will not greatly diminish your indebtedness...
In conversationabout 5 months ago from mastodon.socialpermalink