Why the U.S. Does Not Need to Worry Over Insolvency

“The first question on the new Q&A page was:

Can you explain why you don’t think the USA is going to have a Greek style debt crisis?

Good question! This is one of those things that really confuse people because they understand how their own lives and businesses work as revenue constrained entities. But the autonomous currency issuer to household or business analogy doesn’t hold true. The reasoning is actually quite simple.”

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