Hacker News new | ask | show | jobs
by anuraj 5052 days ago
Has US ever been in an either or situation? Defence budget in 2010 is $680B, and cost of a moon landing is $18B in 2010 dollars. Given that both are deficit funded, and dollar can be printed at will, is this convincing?
1 comments
derleth 5052 days ago
> Given that both are deficit funded, and dollar can be printed at will

This bespeaks a gross lack of knowledge about how a modern economy works.

link
anuraj 5052 days ago
Perhaps you may find it gross to understand why US has been able to spend well beyond its means - Does dollar denominated trade ring a bell?
link