3 ms·
There is no right, because a lot of people pull in all sorts of directions, which means there are simultaneously multiple perceptions of what is "right". It may
by A4ET8a8uTh0 4y ago
There is no right, because a lot of people pull in all sorts of directions, which means there are simultaneously multiple perceptions of what is "right". It may not be apparent until you realize that 1) not everyone wants US to continue being a superpower 2) not everyone thinks expensive dollar is a good thing.. by which I mean, lots of people have different idea of what right actually is.
And since I am looking at it all through a lens of an individual of US, to me it is clear that making US drown in debt is bad for USD price against, well, everything. For the longest time, US had been the place to park your cash due to stability alone ( and the fact that dollar was worth something ).
That stability is currently not assured. That said, any analysis on the matter I heard was oddly optimistic ( and I will admit that I don't get the optimism ). Not sure if it is the lack of alternatives or something else, but it does not seem US treasury has problems selling bonds.