Moody’s Suggests U.S. Eliminate Debt Ceiling
July 18th, 2011Why not? If eliminating any speed bumps along the road to hyperinflation will ease “periodic uncertainty” well, golly, let it rip!
Via: Reuters:
Ratings agency Moody’s on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
The United States is one of the few countries where Congress sets a ceiling on government debt, which creates “periodic uncertainty” over the government’s ability to meet its obligations, Moody’s said in a report.
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