@davevolek Currencies don't collapse in healthy economies where public debt is denominated in the currency that is issued by that economy's government.

This is why cuts to public services are a fundamental mistake. If you hurt people, then that IS the economy that you are hurting.

Where infrastructure and supply chains are actively supported, there is no danger of devaluing all the way to zero.

@natureworks Also, the rhetorical question works too, for instance: Have we ever "paid for" the Civil War? Or for WWII?

An inapplicaple accounting convention is just as arbitrary and nonsensical as one we hypothetically could make up to put us on the hook again for 1865.

@AlexanderKingsbury Then, indeed we DO need a new paradigm, if you don't want to make the world's impoverished wait.

What do you want? What is your agenda?

To work with visionaries to solve long standing - but ultimately unnecessary - problems?

Or to satisfy your own ego by "being right", or hearing yourself talk?

Do you want the last word here? Or are you truly a devil's advocate?