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Cake day: June 10th, 2023

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  • I had an Econ professor in grad school who walked us through the calculation for exactly how much inflation it would cause to print enough cash to completely wipe the national debt. Granted this was 10 years ago, so it’d probably be worse now, but it was shockingly only ~15% inflation. That’s high, but not hyperinflation high. Especially since there are national interests in there having outstanding debt, so we’d never actually want to pay it all off like that.