Or just fail for 4 years like every Republican administration since the 80s and wait for a Democrat to fix the economy...
reply> Fed is trying to thread the needle between the two
replyNot really, inflating it away is the only possible choice.
There is one obvious choice here, the policy is inflation and always has been.
replyFrom the adminstration
replyFed independance is about tempering that policy so UST still has buyers.
Fed policy is explicitly controlled inflation (2% target).
replyyet many "third world" countries managed to pay their debts just fine. some even more than once in recent history.
replyAmerican exceptionalism even in failure?
How is it failure? You use your military to force trade to occur using your tokens. You control the supply of said tokens. You leave some other loser holding the bag for your debts. You win.
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