Comment by epistasis
1 day ago
You're missing the third thing we pay with: T-bills. We literally print money. That's it. We didn't give up anything we own. We didn't give up anything we made. We printed money, because there needs to be enough currency to represent the ever growing wealth of the world and the world has chosen the US dollar as the reserve currency, to the great benefit of the US.
No comments yet
Contribute on Hacker News ↗