Re:U.S. Is World’s Most Competitive Economy for First Time i...
by tropo on Tuesday October 16, 2018 @07:40PM
(#18234247)
Neither extreme viewpoint is good.
On the one hand, you are very correct to point out that the US is not a company or household, and that the US is a superpower that prints currency. Too many people ignore this. Another point, shared with less-sovereign governments, is that the US can impose tariffs and fees and other taxes.
On the other hand, the deficit leads to interest payments on debt. Defaulting crashes the economy, as does going to extremes printing money.
On the one hand, you are very correct to point out that the US is not a company or household, and that the US is a superpower that prints currency. Too many people ignore this. Another point, shared with less-sovereign governments, is that the US can impose tariffs and fees and other taxes.
On the other hand, the deficit leads to interest payments on debt. Defaulting crashes the economy, as does going to extremes printing money.