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by pingburg 4315 days ago
It's an interesting question. I would argue that it isn't about the U.S. government's stability, but more about the confidence that you can use a dollar to buy x. And I don't think its a binary decision like the dollar will ultimately not be able to purchase x. Instead it will be how many dollars it takes to buy x and if the number of dollars increases rapidly, you get a sudden erosion of confidence.