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DarkmSparks an hour ago

The administrations choices are fairly binary now.

Inflate away the $40Trillion+ debt they can never pay back

Or

Hard default on the debt, and be the one holding the hot potato as the union breaks up.

Fed is trying to thread the needle between the two and keep the music playing as long as possible.

jjav 35 minutes ago | parent | next [-]

> Fed is trying to thread the needle between the two

Not really, inflating it away is the only possible choice.

grey-area an hour ago | parent | prev [-]

There is one obvious choice here, the policy is inflation and always has been.

DarkmSparks an hour ago | parent | next [-]

From the adminstration

Fed independance is about tempering that policy so UST still has buyers.

iririririr an hour ago | parent | prev [-]

yet many "third world" countries managed to pay their debts just fine. some even more than once in recent history.

American exceptionalism even in failure?

RussianBot9580 33 minutes ago | parent [-]

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.