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Bear in mind that if the US decides to print $21 trillion dollars it wipes out its entire debt. Granted, all your dollars would be buy about 1/20th as much as
by WkndTriathlete 8y ago
Bear in mind that if the US decides to print $21 trillion dollars it wipes out its entire debt.
Granted, all your dollars would be buy about 1/20th as much as they did before, but the US would be debt-free. (There are other problems with printing $21tn dollars that I'll leave to actual economists to point out.)
- jotjotzzz 8y agoOverprinting is called hyperinflation. People lose trust in the currency because they are worthless. It has happened before. https://en.wikipedia.org/wiki/Hyperinflation https://en.wikipedia.org/wiki/Hyperinflation