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42 sats \ 4 replies \ @SimpleStacker 3h \ parent \ on: Is it even worth paying off the debt in fiat land? econ
Aren't you basically on Team MMT then?
They're just like, who cares, print money to your heart's content.
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30 sats \ 0 replies \ @Undisciplined 2h
Not at all. I'm on team hard default.
Money printing extracts purchasing power from all dollar holders, not just those who voluntarily fund the state.
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36 sats \ 1 reply \ @stack_harder OP 3h
what about team debt jubilee?
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42 sats \ 0 replies \ @nichro 44m
Imagine that becomes an election hot point. Barron Trump in 2042 be like: "Elect me and I will erase the debt. And I'll make the world forgive it! JUBILEE! #JUB!"
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0 sats \ 0 replies \ @justin_shocknet 2h
Only works if the debt is in a currency you can print.
Foreign debt is usually denominated in USD, as was the case in Romania.
This why I point out how Bitcoin and Stablecoins are a well-planned natsec operation, the dollars world reserve status puts the US in a dilemma, it has had to put itself in debt to export enough dollars to stave off global default.
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