> > 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.
True. If value returned to the economy equal or exceed costs, then there is no loss and there might even be a net increase in the value of the currency.
>Hyperinflation would be great for us overindebted, asset-light
>credit-serfs, though.
Yes indeed, bring it on!