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A future US Govt default is not exactly an infinitesimal black swan event looking at Capitol Hill this week.
by hindsightbias 4y ago
A future US Govt default is not exactly an infinitesimal black swan event looking at Capitol Hill this week.
- deleted 4y ago[deleted]
- zie 4y agoTemporary defaults have happened in the history of the US govt, it's not exactly breaking news. Other governments have as well. Long term default is an entirely different matter. Obviously you default temporarily enough times and people will stop thinking your promise is worth anything. So far that hasn't happened, let's hope it doesn't.
- FooBarBizBazz 4y agoExample: https://www.forbes.com/sites/beltway/2011/05/26/the-day-the-united-states-defaulted-on-treasury-bills/ https://www.forbes.com/sites/beltway/2011/05/26/the-day-the-...