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Here's the thing about debt, though: If your debt is denominated in your own sovereign currency, you can just print more when you run out of money.


Which doesn't get you more wealth. It just makes the currency worth less.


That mostly only applies to other countries. Global US dollar demand absorbs a large amount of the extra whenever the US decides to print more. US is the only country in the world that can export inflation.


Yes, but that can be a good thing, from your perspective, if you owe a lot of money.




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