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What the Debt Actually Costs

A Country That Prints the Money It Owes

The United States owes thirty-something trillion dollars and can create dollars at will. Both halves of that sentence are true, which means the danger is real but it is not the one the word "bankruptcy" describes.

11 min195 XP available5 challenges

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Can the United States be forced to miss a payment on a Treasury bond it issued in dollars?

Answer to continue.