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That payments are increasing is not good, but the US owns its debt in dollars, which gives a lot of flexibility in the long term to do all sorts of shenanigans
by fosk 4y ago
That payments are increasing is not good, but the US owns its debt in dollars, which gives a lot of flexibility in the long term to do all sorts of shenanigans since the US controls the dollar supply.
- xtian 4y agoSuch shenanigans will continue to make the dollar less appealing as a reserve currency.
- JumpCrisscross 4y ago> shenanigans will continue to make the dollar less appealing as a reserve currency Good. It distorts our trade and provides marginal benefit on the borrowing front, given a non-reserve dollar would be similarly demanded on account of our massive consumer market.
- xtian 4y agoI support it ending too, it will just mean the beginning of much harder times for Americans. Our 'massive consumer market' is propped up by these shenanigans since our manufacturing base has been eroded.
- neilwilson 4y agoWhich would mean more spending and less saving - increasing transaction flow and leading to higher dollar profits and higher taxation in the US. People holding dollars in reserve is what is causing the deficit.
- strawhatguy 4y agoHow is doing more shenanigans good here? Good would be cutting back on spending in real terms. Neither party’s interested in that though