Pray tell, what is AAA?
Pension Pulse has a post discussing inflation as a way to manage debt.
I personally think "inflation" is already there. Prices do not match the money supply. If you had a surge in people trying to buy goods and services with the money supply that already exists you'd see price increases. I think that currently there is significant money supply tied up in a way that does not cause price increases.
But that is not what I intended to write about. Here is a quote:
I doubt America will lose its AAA sovereign rating, but $99 trillion of unfunded liabilities can bring the world's biggest economy closer to that day of reckoning.
Forgive my question here, but I did a quick calculation and I came up with $330k for every man, woman and child, which means about double that for every worker.
What the heck is triple AAA about that?