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The US controls its currency and has no mandate for a balanced budget. So yes, the US is very flush with cash
by kortilla 2y ago
The US controls its currency and has no mandate for a balanced budget. So yes, the US is very flush with cash
- bawolff 2y agoAnd importantly enjoys a privleged position in the world economy that enables them to run these types of long term deficits with minimal negative consequences. Something which might shift over the coming decades.