Why worry about a trillion dollar debt when you own the printing presses at the Mint ? 
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Except that he is wrong. The mint mints coins, it doesn’t print banknotes.
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Now you’re getting it! Well done
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More printing = more inflation
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"Reactionaries accidentally walking into the point, but still somehow missing it"
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Correct.... and inflation is staying low. So let’s move on.
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Ask the Germans bw WW1 & WW2? Printing presses ran hot as did hyper-inflation!
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How much does Australia owe the IMF?
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Approx 6bn USD. Australia's GDP is 1.4 trn USD. It's insignificant.
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