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Notice each time the U.S. defaulted it brought economic turmoil, something The Hill didn't point out. Also, the U.S. has never defaulted under the current globa
by taylodl 4y ago
Notice each time the U.S. defaulted it brought economic turmoil, something The Hill didn't point out. Also, the U.S. has never defaulted under the current global financial system. If they do then they can expect even greater pushback on continuing to use the U.S. dollar as the world's reserve currency and Americans can expect to see significantly higher inflation for the next several years.