[Gllug] [OT] Re: [Long] Down-under response. Was: File On 4 on waste in Govt computing projects

[Peter Childs]

On 4 March 2010 07:43, Nix <nix at esperi.org.uk> wrote:
> On 4 Mar 2010, Christopher Hunter uttered the following:
>
>> On Wed, 2010-03-03 at 22:28 +0000, Nix wrote:
>>
>>> Rubbish. The debts will inflate away and be grown away.
>>
>> Not this time.  There's nowhere for the hole to disappear to, this time.
>
> What? Inflation and growth can dispose of *any* debt, given time, though
> if it goes too far your currency implodes into hyperinflation (which
> also disposes of the debt, although as it also disposes of your entire
> nation's savings it tends to do your political prospects no good at
> all).
>
> We are very, very far from hyperinflation right now.
> --

Does that work with personal debt too?

Peter
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