3 ms·
Here's the thing about debt, though: If your debt is denominated in your own sovereign currency, you can just print more when you run out of money.
by laughing_man 3mo ago
Here's the thing about debt, though: If your debt is denominated in your own sovereign currency, you can just print more when you run out of money.
- JohnFen 3mo agoWhich doesn't get you more wealth. It just makes the currency worth less.
- laughing_man 3mo agoYes, but that can be a good thing, from your perspective, if you owe a lot of money.
- lbrito 3mo agoThat mostly only applies to other countries. Global US dollar demand absorbs a large amount of the extra whenever the US decides to print more. US is the only country in the world that can export inflation.