put it on my tab

[ucodegen]

Or we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.

More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.

[scaredyclassic]

if your dollar’s buying power is evaporating, so is everyone else’s. theoretically high interest rates would bring down housing prices. even if yourmonthly payment is the same, wouldnt it be better to buy low with a higher rate?

[scaredyclassic]

if your dollar’s buying power is evaporating, so is everyone else’s. theoretically high interest rates would bring down housing prices. even if yourmonthly payment is the same, wouldnt it be better to buy low with a higher rate?

[scaredyclassic]

if your dollar’s buying power is evaporating, so is everyone else’s. theoretically high interest rates would bring down housing prices. even if yourmonthly payment is the same, wouldnt it be better to buy low with a higher rate?

[scaredyclassic]

if your dollar’s buying power is evaporating, so is everyone else’s. theoretically high interest rates would bring down housing prices. even if yourmonthly payment is the same, wouldnt it be better to buy low with a higher rate?

[scaredyclassic]

if your dollar’s buying power is evaporating, so is everyone else’s. theoretically high interest rates would bring down housing prices. even if yourmonthly payment is the same, wouldnt it be better to buy low with a higher rate?

[patb]

it matters intensely if you have a trade deficit.

If you pay your debts in your own currency, and
it’s accepted, you do fine.

If you pay your debts in another currency, it’s a problem.

The British ran enormous debts but were paying in
Sterling, and that worked fine until 1947.
At that point, the British went into a 30 year spiral, and it could be argued they never got out of it.

The Colonies ran enormous debts but were paying in Sterling and gold and the continental went into hyperinflation.

The Confederates were paying in Reb dollars and that
went bad leaving the south bankrupt for 100 years.

If the chinese stop accepting dollar denominated debt we are screwed. If they want a higher rate
we have a real problem.
The japanese wanted higher rates in 1991 and it sure screwed up Bush Senior.

[patb]

it matters intensely if you have a trade deficit.

If you pay your debts in your own currency, and
it’s accepted, you do fine.

If you pay your debts in another currency, it’s a problem.

The British ran enormous debts but were paying in
Sterling, and that worked fine until 1947.
At that point, the British went into a 30 year spiral, and it could be argued they never got out of it.

The Colonies ran enormous debts but were paying in Sterling and gold and the continental went into hyperinflation.

The Confederates were paying in Reb dollars and that
went bad leaving the south bankrupt for 100 years.

If the chinese stop accepting dollar denominated debt we are screwed. If they want a higher rate
we have a real problem.
The japanese wanted higher rates in 1991 and it sure screwed up Bush Senior.

[patb]

it matters intensely if you have a trade deficit.

If you pay your debts in your own currency, and
it’s accepted, you do fine.

If you pay your debts in another currency, it’s a problem.

The British ran enormous debts but were paying in
Sterling, and that worked fine until 1947.
At that point, the British went into a 30 year spiral, and it could be argued they never got out of it.

The Colonies ran enormous debts but were paying in Sterling and gold and the continental went into hyperinflation.

The Confederates were paying in Reb dollars and that
went bad leaving the south bankrupt for 100 years.

If the chinese stop accepting dollar denominated debt we are screwed. If they want a higher rate
we have a real problem.
The japanese wanted higher rates in 1991 and it sure screwed up Bush Senior.

[patb]

it matters intensely if you have a trade deficit.

If you pay your debts in your own currency, and
it’s accepted, you do fine.

If you pay your debts in another currency, it’s a problem.

The British ran enormous debts but were paying in
Sterling, and that worked fine until 1947.
At that point, the British went into a 30 year spiral, and it could be argued they never got out of it.

The Colonies ran enormous debts but were paying in Sterling and gold and the continental went into hyperinflation.

The Confederates were paying in Reb dollars and that
went bad leaving the south bankrupt for 100 years.

If the chinese stop accepting dollar denominated debt we are screwed. If they want a higher rate
we have a real problem.
The japanese wanted higher rates in 1991 and it sure screwed up Bush Senior.

[patb]

it matters intensely if you have a trade deficit.

If you pay your debts in your own currency, and
it’s accepted, you do fine.

If you pay your debts in another currency, it’s a problem.

The British ran enormous debts but were paying in
Sterling, and that worked fine until 1947.
At that point, the British went into a 30 year spiral, and it could be argued they never got out of it.

The Colonies ran enormous debts but were paying in Sterling and gold and the continental went into hyperinflation.

The Confederates were paying in Reb dollars and that
went bad leaving the south bankrupt for 100 years.

If the chinese stop accepting dollar denominated debt we are screwed. If they want a higher rate
we have a real problem.
The japanese wanted higher rates in 1991 and it sure screwed up Bush Senior.

[Author]

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