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A comment on Austerity Is an Antidemocratic Strategy to Boost Capital. Parent comment

Re:Austerity Is an Antidemocratic Strategy to Boost Capital by waveofthehand on Thursday January 11, 2024 @06:19AM (#38950745)
This isn't true. The UK can spend as freely as the US. Being the reserve currency has nothing to do with it. Demand for the currency is unrelated to how much a sovereign state can spend.
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Re:Austerity Is an Antidemocratic Strategy to Boost Capital by lambda_garden on Thursday January 11, 2024 @12:23PM (#38955380)
It is related to how much the country can spend through borrowing and printing. Very few counties spend less than they raise through taxation.
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