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The US is far from the path to debt free either - the difference with Greece is that they can print their own money. The US is trading low taxes against high in
by maigret 14y ago
The US is far from the path to debt free either - the difference with Greece is that they can print their own money. The US is trading low taxes against high inflation right now.
- Symmetry 14y agoExcept our inflation isn't particularly high at the moment in the US, we were undershooting our 2% target for a while then the Fed printed a bunch of money (because they can't bring the Fed Rate below the IOR Rate) and now we're on target again. EDIT: The fact that we could print money to get out of debt if we needed to is a big part of why we don't need to, though.