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Compound interest as well as inflation grows exponentially with time, whereasother means to repay debt grow polynomially. For this and other, mostlypolitical, reasons, debt without inflation is unsustainable. We suggest adiscontinuous way to eliminate debt by nullifying it. This scenario ispreferable to current central bank strategies of quantitative easing because itallows the disposal of debt without hyperinflation or bloated balance sheets.

Quantitative easing is an incomplete strategy that must be accompanied by the nullification of debt