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No, it really, really isn't. The key difference is that the US can finance deficits and Britain couldn't. There's huge appetite all over the world to buy US gov
by apical_dendrite 2y ago
No, it really, really isn't. The key difference is that the US can finance deficits and Britain couldn't. There's huge appetite all over the world to buy US government debt and to invest in the US. The UK needed massive foreign aid just to survive.
- philwelch 2y agoAs long as you can still find someone to lend you money, debt isn’t a problem? Good to know.