Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt
Money For the Rest of Us
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Is There a Technical Debt?
If people don't want to hold the currency, it becomes a hot potato. That causes import prices to increase and can lead to higher inflation. Ricardo ris of the london school of economics writes that people are only willing to lend to the government expecting a real return. And if that trust wanes, then any country is in very, very deep trouble.
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