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On Debt and Deflation

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THE OTHER SIDE OF THE MELTUP SCENARIO
Professor Pinch puts together the pieces of the debt and deflation puzzle, asking how we might be able to possibly see an inflationary meltup. His conclusion is we have: "[A]n economy that needs to transition into a new type of economy to better utilize the resources it has, meanwhile that same economy borrows money – which will require repayment; plus interest – at the same time the country is undergoing a demographic shift which will leave it with a smaller labor force than before?  So debt-per-capita expands?

Someone is going to have to explain how we get inflation or hyperinflation from this because I frankly don’t see it."

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