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>>"to avoid defaulting on domestic debt " Logic tell us that there is not reason whatsoever for the only issuer of dollars defaulting in a debt denominated in
by RobertoG 7y ago
>>"to avoid defaulting on domestic debt "
Logic tell us that there is not reason whatsoever for the only issuer of dollars defaulting in a debt denominated in dollars.
Alan Greenspan (ex-chairman of the federal reserve) will confirm it (video):
https://www.youtube.com/watch?v=q6vi528gseA https://www.youtube.com/watch?v=q6vi528gseA
- arcticbull 7y agoYeah it's not physically possible when you control its issue and redemption. It's like American Airlines defaulting on it's AAdvantage miles.
- chibg10 7y agoThe effects of hyperinflating away the debt aren't really much better