The Unlikelihood of the US Government Defaulting on its Public Debt

The Unlikelihood of the US Government Defaulting on its Public Debt

The response discusses the likelihood of the US government deciding to stop servicing its public debt. It explains that the US government has the ability to print dollars, the currency in which the public debt is denominated, and thus can easily service its debt to avoid default. This makes the probability of the US going bankrupt very low, unlike countries like Greece that cannot print their own currency.

https://youtube.com/shorts/TfZwPeOPDZA?si=P_2bRLA5GTIGHdcz

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