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0 pointskortilla1y ago0 comments

The US controls its currency and has no mandate for a balanced budget. So yes, the US is very flush with cash

0 comments

And importantly enjoys a privleged position in the world economy that enables them to run these types of long term deficits with minimal negative consequences.

Something which might shift over the coming decades.

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0 pointskortilla1y ago0 comments

The US controls its currency and has no mandate for a balanced budget. So yes, the US is very flush with cash

0 comments

bawolff1y ago

And importantly enjoys a privleged position in the world economy that enables them to run these types of long term deficits with minimal negative consequences.

Something which might shift over the coming decades.

j / k navigate · click thread line to collapse