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That metaphor works better for huge businesses. There's really no bank here(yes I'm well aware of central banks, but that's not really how bank is being used he
by anm89 6y ago
That metaphor works better for huge businesses. There's really no bank here(yes I'm well aware of central banks, but that's not really how bank is being used here from a balance sheet solvency perspective).
It's more like if you issue currency and owe trillions, that's the currency and the currency issuers problem.
- manquer 6y agoIt still applies. The US as a country is so large economically , it is quite bad for the world to let the US default on loans or the economy collapse, compared to say Venezuela or Argentina.