2 ms·
> print money at prodigious rates +All that debt will become 'real'. We could look to UK and see what happens to a nation post (currency) empire. But a word of
by eternalban 3y ago
> print money at prodigious rates
+All that debt will become 'real'. We could look to UK and see what happens to a nation post (currency) empire. But a word of caution here regarding the analogy: the new empire (US) were allies of the dethroned empire (UK). Come US's time, it is doubtful that the new power will be a Western power. So US will have a harder time than UK and things have not gone well for UK since WW2.
Zombie International Currency: The Pound Sterling 1945-1973, 2021:
http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP03-2020.pdf http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP...