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The US has its “exorbitant privilege” - a pretty thick buffer of seignorage profits it can extract without running into hyperinflation. This buffer is substant
by centimeter 6y ago
The US has its “exorbitant privilege” - a pretty thick buffer of seignorage profits it can extract without running into hyperinflation.
This buffer is substantial, but finite.
- hcurtiss 6y agoI think it's hilarious your comment was downvoted. Plainly it's finite. Otherwise, we'd just live on printed money forever and nobody would have to work anymore. What could go wrong?!