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BitcoinBrabant | 4 months ago (raw) | root | parent | reply | flag +2 
 You should read more MMT modern monetary theory. The US can never default 😉 The book “the deficit myth” by Stephanie Kelton is a great start 😉😂

https://www.goodreads.com/book/show/45731395
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enlund | 4 months ago (raw) | root | parent | reply | flag +1 
 Technically true. But what matters is not the name put on something, but its real effects:

While not technical defaults, what do you make of:
1933: Executive Order 6102 and the1934 devaluation of dollar
1965: Elimination of silver from many coins
1970: All silver removed from coins
1971: De-pegged dollar from gold (triggered the oil price shock)
2008 onwards: Financial repression via regulation and QE