Skip to main content
Dictionary
Store
Blog
World
Help
Advertise
Chat
System Status
Information Collection Notice
Trademark Concerns
reCAPTCHA Privacy
Terms of Service
reCAPTCHA Terms
Privacy Policy
Accessibility
Report a Bug
Data Request
Contact Us
Security
DMCA
© 1999–2026 Urban Dictionary ®
Mugs
Tees
Hoodies
Pro Customization
Create unique products with your own words and definitions
Preview
Personalize Your Design
Your Word
Your Definition
(n) A fiscal scheme of a central government where the lack of fiscal responsibility leads to massive deficits funded by debt that can not be repaid with revenues collected. As the scheme becomes riskier to creditors, they demand higher interest rates on incremental debt. This forces the central government to avoid issuing more debt in favor of simply printing its own currency (i.e., quantitative easing) to continue its endless, irresponsible borrow-and-spend policy. Ultimately, the reckless spending policy and printing of currency leads to crippling inflation and insurmountable debt being passed on to future generations in an immoral 'we enjoy now, you pay later' massive heist.
Text fits
Save
Cancel