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> only thing that is accepted to pay US taxes. That is also true of all sovereign currencies, for their own taxes. But not all countries get to borrow their ow
by DennisP 5y ago
> only thing that is accepted to pay US taxes.
That is also true of all sovereign currencies, for their own taxes. But not all countries get to borrow their own currency from foreign lenders. Hyperinflation in Germany and Zimbabwe happened because they owed money in other countries' currency.
- rsync 5y ago"That is also true of all sovereign currencies, for their own taxes." Yes, certainly but it bears repeating: that is the entire point. That lever of control - being the sole provider of a resource that you must demand - is a core feature of the government as we know it.