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@NewDark@lemmy.today

2026-09-11 06:54 UTC

I’m actually not. I’m saying that if you have the ability to print your own money, it is impossible to default on debt owed in that currency. It’s not a license to print money, it’s an understanding of a logical conclusion. This large number is waved around to justify austerity for the poor and without a shred of irony advocate for tax cuts (mostly for the wealthy). I’m just demonstrating why it isn’t the boogeyman it’s made out to be.

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