> from tax dollars. Unless it isn't ever repaid, in which case extra
> currency has been created and existing currency must effectively be
> worth less.
Not necessarily. You could invest in schools, science, infrastructure and many other fine things which garner a long-term social return, as opposed to just printing money.
Hyperinflation would be great for us overindebted, asset-light credit-serfs, though.
-- DRR