Hmmm, a little fuzzy on who it was, but I think it was Roubini that wrote about this predicament, and there was a policy piece where the IMF put together a piece that a global power was going to need to leverage up on debt to fuel global growth as well as its own, and the way to get out of the debt was to take down their currency, all the while inflating their way out of it. I wish I could remember where I read this piece, but your thoughts have been debated by world class economists and I dont’ disagree.
