Comment on How was the US national debt created? Does the US have problem paying it's bills? Who are we in debt to?
The US can always pay its bills because it can just print more money.
I mean, technically yes, but also, that’s kind of a bait and switch scenario. You’re honoring the debt, but what you received is worth less than implied, which means most people are going to think twice about buying bonds again.
U.S. bonds already pay more interest than Greek bonds. The dollar devalues every single day from the printing of more money.
You really don’t understand how money works do you. If you want to get technical, private banks print more money than the fed.
GreenBeard@lemmy.ca 13 hours ago
I mean, technically yes, but also, that’s kind of a bait and switch scenario. You’re honoring the debt, but what you received is worth less than implied, which means most people are going to think twice about buying bonds again.
musicalphysics@discuss.online 12 hours ago
U.S. bonds already pay more interest than Greek bonds. The dollar devalues every single day from the printing of more money.
GreenBeard@lemmy.ca 12 hours ago
You really don’t understand how money works do you. If you want to get technical, private banks print more money than the fed.