• Sockenklaus@sh.itjust.works
      link
      fedilink
      arrow-up
      1
      ·
      6 months ago

      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.

        • Sockenklaus@sh.itjust.works
          link
          fedilink
          arrow-up
          1
          ·
          6 months ago

          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.