[digitalengineer]

Isn't monetizing it exactly what we're seeing today? Looks an awful lot like a currency-war to me. Everyone is trying to debase their currency and export their way to prosperity. The US accuses China, and vice versa (QE 1,2,3, etc). Japan just promised to effectively double their monetary base last week. What is the alternative to lowering debt? I don't know but all this printing will surely cause money to flow to otherwise less productive parts of the economy won't it? If anyone could make some sense out of this, I'm listening.