Hacker News new | ask | show | jobs
by khriss 56 days ago
Debt, rather the lack of any via ble means for the US to pay back even a fraction of its debt without having the world's reserve currency.

Yes, theoretically they can always print their way out, but that's just default through inflation and bond yields will correct immediately to account for it.

1 comments

It's the outcome I expect. It's probably the outcome the US politicians expect, too.