The Debt Ceiling Is No Limit

If we make all the free market reforms that I would like to see enacted, we're going to see prices declining. The value of money is going to go up. So even if you get paid 50 cents on the dollar, those dollars could be worth a lot more than 50 cents. That's what's going to happen. Since we can't pay the debt, if we don't have the integrity to honestly default and restructure, we'll do it dishonestly through inflation. And I believe everybody, including the bondholders, will take a bigger loss due to inflation than the one I would impose due to a restructuring. There could be a 90% loss in purchasing power if we don