2 ms·
Well, the US "took their losses" but made the US Dollar the reserve currency. If they toss this away, they'll not "lose trade action" but they'll pay more to f
by jleyank 2y ago
Well, the US "took their losses" but made the US Dollar the reserve currency. If they toss this away, they'll not "lose trade action" but they'll pay more to finance their debt.
- pfdietz 2y agoI'm expecting the end game will be a very substantial devaluation of the dollar. Lenders have helpfully lent the US government its own currency, so the debt can be inflated away. It will be hard to borrow again after that, but the GOP wouldn't mind making it hard for future US governments to borrow more money and thereby grow the government again.