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The US is not going to go bankrupt, but the purchasing power of the dollar will continue to go down and down and down.
by ahnick 1mo ago
The US is not going to go bankrupt, but the purchasing power of the dollar will continue to go down and down and down.
- TSiege 1mo agoSo US manufacturing would go up and up by that logic. Not to mention the US can simultaneously restrict the money supply via increased taxes at same time. The US also could just stop issuing bonds entirely and simply create the currency directly rather than the Rube Goldberg that is the bond market
- javcasas 1mo agoThe US also has to purchase raw materials and imports at higher and higher and higher prices.