If the United States can print its own dollars, why does it have a debt of $39 trillion?
Correct answers only: I’ll give 10,000 sats to the best answer within the next 24 hours.
Printing $39T to pay off the debt is like fixing “I’m broke” by printing more Monopoly money. It works great until the store stops accepting it.
The debt exists because real lenders, like your 401k, foreign governments, pension funds only hand over actual resources if they trust the dollars will still buy something tomorrow. Crank the printers instead and it’s wheelbarrow economics. Congress’s favorite move is to spend now and let inflation send everyone else the bill.
The debt exists because real lenders, like your 401k, foreign governments, pension funds only hand over actual resources if they trust the dollars will still buy something tomorrow. Crank the printers instead and it’s wheelbarrow economics. Congress’s favorite move is to spend now and let inflation send everyone else the bill.
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