Full of shit. I don't care if you're leading a hedge fund or a university, if you actually believe this bullshit, you're a lot dumber than you think.
I mean, sure, if you're going by the definition o...
@nprofile1q...
The US buying its own debt will just devalue the currency.
The US can cope with a huge debt only as long as other countries value the dollar as the 'go-to' currency for bonds.
"In order to free up the money to buy yen, Japan has been selling US government bonds – known as treasuries. Many countries own US bonds as a store of national wealth, but when they are sold in large quantities, that can lead to a rise in the interest the US treasury pays on its debt."
https://www.theguardian.com/world/2026/aug/03/trump-japan-currency-yen-explainer
The US buying its own debt will just devalue the currency.
The US can cope with a huge debt only as long as other countries value the dollar as the 'go-to' currency for bonds.
"In order to free up the money to buy yen, Japan has been selling US government bonds – known as treasuries. Many countries own US bonds as a store of national wealth, but when they are sold in large quantities, that can lead to a rise in the interest the US treasury pays on its debt."
https://www.theguardian.com/world/2026/aug/03/trump-japan-currency-yen-explainer
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