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But it erodes faith in the currency and that is, ultimately, what gives it value.
by plutonorm 5y ago
But it erodes faith in the currency and that is, ultimately, what gives it value.
- djur 5y agoA debt default or a sudden halt of US government spending, both resulting in economic collapse, would both be much more effective at eroding faith in the value of the US dollar.
- horsawlarway 5y agosure, but as an outsider looking in - the thing that erodes my faith in the currency is not the minting of a trillion dollar coin, it's the complete disfunction of governance that leads to a situation where this is even considered. And the harm is already done on that front. This is relatively low impact compared to other shenanigans.