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Can’t cut rates: need to sell debt

• surfaceofthesun 2y ago
  Are there any examples of a nation that controls a/the reserve currency having difficulty issuing debt?
  • ein0p 2y ago
    Yes: the United States. That’s in part why it raises the rates: so that debt has higher yields and there are more buyers for it. Next year we will spend ~1.7T on interest alone, money for which we’re going to borrow as well, likely at an ever higher rate of return