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A comment on Has There Ever Been a Default on U.S. Treasury Debt?.
However, if the value of each dollar is less, that would be bad for the lender.
The scenario talked about in the article cannot happen again, because Federal Reserve Notes are not backed by anything.
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However, if the value of each dollar is less, that would be bad for the lender.
The scenario talked about in the article cannot happen again, because Federal Reserve Notes are not backed by anything.