> No it hasn’t. Most US public debt is held domestically (while I’m not sure on the specifics, I think it’s about 80%).
You aren't contradicting anything I said here. Most debt is domestic, but what matters is the external debt and it will dry up, and when it does USA will no longer be able to import way more than it exports. And imports/exports affects everything else in the economy, so altering massively as is bound to happen would have huge consequences.
You aren't contradicting anything I said here. Most debt is domestic, but what matters is the external debt and it will dry up, and when it does USA will no longer be able to import way more than it exports. And imports/exports affects everything else in the economy, so altering massively as is bound to happen would have huge consequences.