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Yes, but if they let get into a debt spiral, the only solution becomes devaluation of the dollar to the point of hyperinflation. Only then debt is reduced, but
by TaurenHunter 2y ago
Yes, but if they let get into a debt spiral, the only solution becomes devaluation of the dollar to the point of hyperinflation. Only then debt is reduced, but it would be terrible for everybody except a few.
- robertlagrant 2y agoDevaluing the dollar would do wonders for post-tariff prices, and prop up exports. I say it in jest, but I can't spot the problem with it because I'm not an economist.
- iTokio 2y agoSeveral issues: - imports will become prohibitively expensive - doing everything locally is less efficient - the dollar will lose its world currency status - then debt will become unsustainable