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Yes, a national default on debt would be a terrible thing. Most American debt is denominated in USD. The US is monetarily sovereign, meaning it can always creat
by mindslight 2y ago
Yes, a national default on debt would be a terrible thing. Most American debt is denominated in USD. The US is monetarily sovereign, meaning it can always create more USD at will. This means that the US can only default on its debt voluntarily, which is exactly the type of economic catastrophe that Trump is doing his best to cause.