6 ms·
The US government gets to pay x% interest because they can theoretically always service a debt denominated in USD. Every other borrower in USD pays (x+y)%, wher
by bidirectional 4y ago
The US government gets to pay x% interest because they can theoretically always service a debt denominated in USD. Every other borrower in USD pays (x+y)%, where y amongst other things represents the risk that they will default.