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Here's your reminder that this is of course a bunch of alarmist nonsense, because as an issuer of currency the United States is incapable of becoming "insolvent
by mullingitover 7mo ago
Here's your reminder that this is of course a bunch of alarmist nonsense, because as an issuer of currency the United States is incapable of becoming "insolvent."
The authors are from an libertarian extremist think tank that pushes for a balanced budget amendment. If these people got their way, we would immediately solve the problem of people arguing about this on the internet since none of us would be able to afford to own a computer.
- peteforde 7mo agoMoreover, the great con was to convince people that the US debt is a liability, as though there's someone who is going to come and repo man your country with a truck. At the macro level, debt is one of the most powerful tools that a government is entrusted to deploy. It's literally how you grow an economy.
- scrubs 7mo agoOh c'mon! We know that. Good Lord, if a country's debts were held elsewhere, it'd be the Trump administration trying to repo someone first for Nato money or other some fool reason. Meanwhile,there are in fact actual, bonafide, tangible problems to financial stupidity you're quip forgot to address.
- deleted 7mo ago[deleted]