@sun @feld @tk You have to have willing buyers for the debt based on ability to pay back. The Supreme Court has already ruled that debts must be paid. So how do you handle this. You can’t just issue debt on debt perpetually. No entity has ever survived that kind of thing.

So yes they can print money, at the cost of tax. That’s really what it means. Are they being prudent with the printed money. Then as well how much can they print before the bond market blows up. Nobody ever considers that. What happens if there’s a buyers strike or not enough buyers.