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While I strongly disagree with MMT, supports would argue that the central bank can manipulate the currency to the degree that basically any debt is not a proble
by nscalf 6y ago
While I strongly disagree with MMT, supports would argue that the central bank can manipulate the currency to the degree that basically any debt is not a problem.
- cl42 6y agoThis is true as long as your currency is a reserve currency and people are willing to access it, buy bonds denominated in it, etc. The central bank can print money and inflate debt away as long as it's seen as the asset of last resort. The credibility of the US government becomes critical in maintaining this.