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submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml
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[-] dmonzel@lemm.ee 20 points 1 year ago* (last edited 1 year ago)

The government actually has infinite money

Not that I'm saying we should throw money into these wars, but rather that we should have no issue taking care of healthcare and student debt.

[-] knfrmity@lemmygrad.ml 6 points 1 year ago

Sort of. The US government has created the extraordinary privilege of dollar hegemony, which lets them issue money ad nauseum at the expense of the rest of the world. This privilege ends when the rest of the world stops underwriting this debt, as is slowly happening under the broad name of dedollarization.

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this post was submitted on 20 Oct 2023
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