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A deficit is not a loan. The USD and the historical strength and faith on the US allowed the US to offer its own securities, not ones pwned by and with terms di
by Arainach 2y ago
A deficit is not a loan. The USD and the historical strength and faith on the US allowed the US to offer its own securities, not ones pwned by and with terms dictated by external entities.
- 2030ai 2y agoIt smells, looks and quacks like a loan.
- __MatrixMan__ 2y agoSmells more like a tokenomics scheme than a loan to me.
- whimsicalism 2y agothe US borrows money. sure it can monetize its own debt at any time but that would have its own set of very high costs