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Mick, Technically can a country ever go bankrupt if it can print...

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spinefx

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13/04/24

21:11

Post #: 73332254
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Originally posted by moorookamick ↑

With the US racking up $2 Trillion debt P/A, two things are inevitable:
(a) that if it turned off its addiction to debt, then its economy would be in permanent recession
. ($2 trillion is over 8% of GDP and if Treasury taxed to balance the budget , then its recession/depression, IMO)
(b) that this rate of debt accrual will (short of WW3) lead to bankruptcy IMO.

Perhaps that's why Uncle Sam is itching for war so that Treasury can write off its debt?

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Mick,

Technically can a country ever go bankrupt if it can print money?

The ability to print, would suggest, no.
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