> A country that issues its own currency never has to default That is really a statement without a real point. Countries can of course print currency to keep c

> A country that issues its own currency never has to default That is really a statement without a real point. Countries can of course print currency to keep covering their debt obligations but that just impoverishes their citizens and means they lose access to debt markets (effectively). I know people make this statement a lot, but I never really understand what point they're trying to make. It sounds like they're trying to claim "free lunch" but I don't really know.