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The US can always print more money to fund its institutions, but other countries have to save theirs. Sure, they can print more euro but when so much stuff they
by direwolf20 10mo ago
The US can always print more money to fund its institutions, but other countries have to save theirs. Sure, they can print more euro but when so much stuff they need is traded in USD, that's not nearly as effective as when the US prints more USD.
- jacquesm 10mo ago> The US can always print more money to fund its institutions, but other countries have to save theirs. That only works if there are takers for US bonds otherwise all this will do is devalue the USD.
- direwolf20 10mo agoThat's the US's exorbitant privilege which no other country has.