Serious question? Money today is nothing more than a number in an account. When a country needs more of its own currency, it can increase it’s account by that amount.
Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.
I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.
Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.
Serious question? Money today is nothing more than a number in an account. When a country needs more of its own currency, it can increase it’s account by that amount.
Removed by mod
Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.
So your argument is completely theoretical.
Removed by mod
I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.
Sooooo it’s a self imposed limitation, just like u/sockenklaus said?
Removed by mod
Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.
Removed by mod