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> congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%. As MMT teaches us, a government that issues its own currency does not need t
by berns 1y ago
> congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%.
As MMT teaches us, a government that issues its own currency does not need to borrow to finance itself, as it can create the money it needs, though it may still issue debt for other reasons.
- NoahZuniga 1y agoI mean if the US gov moderately lowers the amount of debt it issues (and starts printing more to cover the difference), inflation will go way up, which seems pretty bad.