Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Macro Musings with David Beckworth
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The US Financial Sanctions and the International Backlash Against the Dollar
The Federal Reserve would step in, just like it's up in March 2020 to backstop treasury. The president is talking about invoking the 14th Amendment if we come to that edge of the cliff. Do you think they'll mint the coin? I doubt. They'll probably avoid that. But they would do something like invoke 14th Amendment.
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