3 ms·
For most countries, paying their debt is just table stakes (not paying their debt is not an option). That doesn’t give them leverage to print money inflation-f
by pabl0rg 8y ago
For most countries, paying their debt is just table stakes (not paying their debt is not an option).
That doesn’t give them leverage to print money inflation-free.
What allows the US to do it is the USD’s status as the leading global reserve and trade currency. That status is based on habit and influence.