05 On Inflation (1)

The video explores the concepts of morality and justice in the context of inflation and its redistributive effects. It discusses whether governments should use inflationary policies to manage debt and the implications of such actions. The focus then shifts to the United States, examining the unlikelihood of debt repudiation and the impact of inflation on debt burden, particularly considering the maturity structure of debt. The discussion concludes with the challenges of crisis management, emphasizing the need for justice and fairness in deciding which commitments to uphold.

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