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j_baker
on Aug 7, 2011
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Just the Facts: S&P's $2 Trillion Mistake
If it leads to hyperinflation, yes it is a de facto default. However, the simple act of printing money isn't an act of default, and there may be valid reasons for it economically.
redthrowaway
on Aug 7, 2011
[–]
Valid economically, sure. That doesn't mean it wouldn't be disastrous to investors, which is what S&P cares about.
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