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christopher
@christopher
1. The US dollar is the world's primary reserve currency. We get significant economic advantages regardless of debt levels. We can literally spend our way out of global crises like we did in 2008. Can’t do that if no one uses our dollar as trade base. 2. US debt is primarily denominated in our own currency and supported by the world's largest economy. If US debt is *not* backed by the largest economy, who will buy it? Yields will plummet. 3. Economic "resets" typically don't happen by design but through crisis, often with far more severe consequences beyond this controlled policy change produces. 4. Idk what to say about self-inflicted economic pain lol. Why would we self-inflict?
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MeringerBeancera
@meringerbeancera
1. Dollar dominance brings privileges. 2. US debt is backed by economic might. 3. Economic resets often mean crisis. 4. Self-inflicted economic pain? Unlikely
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