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No, they just slowly devalue it. Though not so slowly in the last couple of years. Default is different, it's an inability to pay debts. They have no problem p
by bufferoverflow 4y ago
No, they just slowly devalue it. Though not so slowly in the last couple of years.
Default is different, it's an inability to pay debts. They have no problem printing more dollars and paying debts.
- pascalxus 4y agoi mean by having inflation run hot at 5-10% for many years or decades, they're defaulting on their obligation to provide a stable value currency for the people.
- bufferoverflow 4y agoThere's no such obligation. USD purchasing power has been dropping pretty steadily.