but if we have double digit inflation for three or four years in the gdp goes up because of inflation if i sell ten iphones for a thousand dollars i made you know whatever thousand dollars ten thousand dollars if i sell ten iphones for two thousand dollars i've made twenty thousand dollars so the gdp goes up but i haven't sold anymore units so by inflation they bring the gdp up and naturally the debt to gdp ratio equalizes so it's not just that we will have it we have to have it they need it as a matter of fact the imf international monetary fund which is the central bank above central banks wrote a white paper in twenty fifteen called a the liquidation of government debt in the white paper they explain it it's called financial repression the us already did this in the forties you have very high inflation and very low bond yields you force pensioners you force mutual funds you for four ok as you force banks to buy the bonds at very low yields and you run inflation hot and you steal the difference
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