Aizenman, Joshua; Marion, Nancy - In: Journal of Macroeconomics 33 (2011) 4, pp. 524-541
Projections indicate the US Federal debt held by the public may exceed 70–100% of GDP within 10years. In many respects, the temptation to inflate away some of this debt burden is similar to that at the end of World War II. In 1946, the debt ratio was 108.6%. Inflation reduced this ratio by...
