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Considering that at any moment the US can conjure into existence as many dollars as it needs how can it possibly default?

• lovich 2y ago
  By actively choosing to? The current administration appears to view funds as being permanently capable of getting clawed back, based on their current whims as to whether the payments are "fraudulent" or not. When they talked about upending the current order, the banking system and debt in general being sacrosanct are pretty foundational to said order
  • Guthur 2y ago
    Government debt that is denominated in a currency that the government can create at any time is hardly the same as the debt you or I have. Governments do not actually borrow from anyone if they can create their own money. They provide a facility for the rich to park some of their immense wealth but that is not where the money comes from, those individuals accumulate they do not create money.
    • lovich 2y ago
      You are ignoring the part where I said they would actively chose to not pay the debt. I understand how nation states who print their own currency have a different set of rules than any agent working with currency that they do not control the monetary supply of. None of that changes the fact that they can _choose_ to default