This ultimate threshold - call it the Keynesian end game - is when investors refuse to lend more money, forcing the government to either default or start hyperinflating (probably with some wealth confiscation added in). It then becomes obvious to all that the governments borrowing was essentially a Ponzi scheme. seekingalpha/article/1759802-fonzie-or-ponzi-one-theory-on-the-limits-to-government-debt
Posted on: Tue, 22 Oct 2013 13:47:25 +0000
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