3 ms·
No. As long as you can issue debt in your own currency, then your Govt can simply print more money to cover that debt. This is true for lots of developed nati
by Quarrel 3y ago
No.
As long as you can issue debt in your own currency, then your Govt can simply print more money to cover that debt.
This is true for lots of developed nations, not just the USA.
- tharmas 3y agoYes, but doesn't that currency then get devalued? My point was that the US is probably the only country that can print money without it adversely affecting the value of the US dollar. Isn't the value of the US currency partly based on the sum total of all the goods and services of the USA?