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> The US will simply print dollar bills that match exactly what it owes each creditor and give it to them. And in doing so the US will "simply" vaporize its en
by yellowapple 6y ago
> The US will simply print dollar bills that match exactly what it owes each creditor and give it to them.
And in doing so the US will "simply" vaporize its entire economy.
> IOW, the US doesn’t get hurt at all.
Those of us Americans who are reliant on the dollar holding at least some modicum of value - you know, because that's the currency which we have to use day-to-day - would be hurt pretty substantially. Not all of us have a nice cushion of gold and Bitcoin and real estate to ride out what you're calling a "simple" solution.