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> dipping into reservers My assumption is that governments are taking on some sort of debt here.
by MaxBarraclough 7y ago
> dipping into reservers
My assumption is that governments are taking on some sort of debt here.
- petrocrat 7y agoThat assumption is incorrect for sovereign currencies issuers (like the US, UK, Japan). They would just issue bonds, which is not at all like you or I taking out a loan.
- jacobush 7y agoWhen you control the mint, it's basically the same thing. Doubly so when its the USD and the rest of the world has exactly the same problem you do, so you hardly need to worry about the depreciation vs other currencies. (Even if you hardly needed to before just by sheer size.)