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The US can always pay their dollar-denominated debt by printing more dollars. It wouldn’t be a case of being unable but of being unwilling to pay.
by rebuilder 1y ago
The US can always pay their dollar-denominated debt by printing more dollars. It wouldn’t be a case of being unable but of being unwilling to pay.
- procaryote 1y agoof course, losing confidence that the dollar denominated payments will be worth anything near what you expect in non-dollars is functionally very similar to losing confidence that they'll pay