• KeithD@lemmy.nz
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    20 hours ago

    If it comes to it, the US is constitutionally barred from just defaulting on its debts. And the US government can just print more money. Which will massively devalue the USD, tanking the economy and killing their ability to borrow more in the future, but it’ll still technically allow them to pay off the current debt.

    • YouTalkinToMe@lemmy.world
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      20 hours ago

      Technically, yes - but not in a way that foreign investors would want to lend any more money in the future.