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How does a government pay the interest on the money the fed prints for it though? The government can't print its own money so technically there is no way out o
by jayfuerstenberg 13y ago
How does a government pay the interest on the money the fed prints for it though? The government can't print its own money so technically there is no way out of debt, except perhaps its creditors letting it off the hook in full.
The US$ is like all the other fiat currencies in history, doomed to fail in the long run.