• bollybing@lemmynsfw.com
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    9 days ago

    They can always create as many USD as they like, they don’t have to actually print any of it. It will devalue the dollar though, the price is inflation which affects everyonr who has dollars or is paid in dollars.

    Similar story with the national debt, with enough inflation the total value of the debt becomes miniscules, you just screw over everyone who owns that debt (a lot of 401ks) and destroy your economic credibility.