alt Hacker NewsYes, but if they let get into a debt spiral, the only solution becomes devaluation of the dollar to the point of hyperinflation. Only then debt is reduced, but it would be terrible for everybody except a few.
Yes, but if they let get into a debt spiral, the only solution becomes devaluation of the dollar to the point of hyperinflation. Only then debt is reduced, but it would be terrible for everybody except a few.
Devaluing the dollar would do wonders for post-tariff prices, and prop up exports.
I say it in jest, but I can't spot the problem with it because I'm not an economist.