Re:Huawei Reveals the Real Trade War with China
by dragonwriter on Friday December 07, 2018 @09:59AM
(#18628162)
> If we don't actually produce much of value, that won't be for much longer.
But, we do produce a lot of value; we may be more specialized in intangible goods and services, but as long as those are marketable, we're fine.
> Sadly, this experiment has already been run repeatedly throughout history and it doesn't end well.
Leaving aside disagreement over whether the US is even in he scenario you propose, when has it ever ended badly for a country whose debt was denominated in its own fiat currency, rather than a commodity currency or foreign fiat?
But, we do produce a lot of value; we may be more specialized in intangible goods and services, but as long as those are marketable, we're fine.
> Sadly, this experiment has already been run repeatedly throughout history and it doesn't end well.
Leaving aside disagreement over whether the US is even in he scenario you propose, when has it ever ended badly for a country whose debt was denominated in its own fiat currency, rather than a commodity currency or foreign fiat?