If you just don't run a mega defict every year you can afford to use the interest other countries would have to pay you to borrow dollars to subsidize your own economy.
"the interest other countries would have to pay you..."
That's the problem, they don't have to, and they can choose not to.
The fiscal deficit is a whole separate matter, but I think it is a downstream effect of the kind of policies and economy that develop when you run a huge trade deficit selling your currency for goods and services.
That's the problem, they don't have to, and they can choose not to.
The fiscal deficit is a whole separate matter, but I think it is a downstream effect of the kind of policies and economy that develop when you run a huge trade deficit selling your currency for goods and services.