Gold-Eagle.com published an article entitled “The Inflation Imperative” which stated in part that:
“The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:
“1. Massive inflation: a bad choice.
“2. Default: an even worse choice.”
In fact, these two choices could be more clearly expressed as:
1. Covert debt default by means of massive inflation: a bad choice
2. Overt debt default: an even worse choice.