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Comment by grey-area

7 hours ago

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

From the adminstration

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

  • Fed policy is explicitly controlled inflation (2% target).

    • 2% inflation isn't going to inflate away the debt any time soon. It's basically as close to zero as can be realized without going under.

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?

  • 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.