This roundabout argument is ignoring the most basic facts. Nowadays, bonds repay in dollars, so we can always just print more money. In 1933 that was not the ca

This roundabout argument is ignoring the most basic facts. Nowadays, bonds repay in dollars, so we can always just print more money. In 1933 that was not the case, so it doesn't make much sense to say that since we had to default in 1933, we may have to default again today.