3 ms·
We were talking debt, not USD. The federal government does not have the power to create money, despite what people think, and so they can't print money to pay o
by taylodl 1y ago
We were talking debt, not USD. The federal government does not have the power to create money, despite what people think, and so they can't print money to pay off their debts.
- seanmcdirmid 1y ago> The federal government does not have the power to create money The federal government choose not to have that power, they could technically take it back at any time with only political/market confidence consequences. With a crazy guy running things, anything is possible at this point.
- taylodl 1y ago> with only political/market confidence consequences That's one way of downplaying what happens next...
- seanmcdirmid 1y agoYep. But we live in interesting times.