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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by 542458 on Monday January 04, 2021 @01:32PM (#25635803)
"Can the US pay it's debt?" is the wrong question. The US can pay off any amount of debt, because their debt is measured in USD and congress can issue new USD as needed.

"How does the debt actually effect the economy? (Does it?)" and "What is the long-term impact of various debt-maintenance strategies?" and "Will political deadlocks prevent effective management of the debt?" (among many others) are better questions.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by cortesoft on Monday January 04, 2021 @03:01PM (#25637054)
Congress can't issue USD directly.
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by 542458 on Monday January 04, 2021 @05:44PM (#25639321)
https://constitution.congress.gov/browse/essay/artI-S8-C5-1/...

The constitution always congress can if they want to.

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