Re:America Faces a Debt Nightmare
by gowings97 on Thursday May 04, 2023 @11:36AM
(#35817111)
"The debt ceiling is complete bullshit"
It has an instant impact to value attributed to the currency, which then impacts imports/export prices, which then impacts economic activity.
Look at what's happening in South Africa - they thought they issue debt/ print money to paper over social issues, and everything would be Ok. They are finding out that analysis was incorrect.
It has an instant impact to value attributed to the currency, which then impacts imports/export prices, which then impacts economic activity.
Look at what's happening in South Africa - they thought they issue debt/ print money to paper over social issues, and everything would be Ok. They are finding out that analysis was incorrect.