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Wendell Zurkowitz ((slave to the waffle light))8/07/2018 10:07:51 am PDT

re: #499 Big Beautiful Door

Lots of rich countries currencies aren’t “the world reserve currency” and have no problem financing their deficits. As long as the US is a rich country with a freely convertible currency, this isn’t anything to worry about.

Yes, but we are also running a system in which massive deficits are unavoidable because we refuse to tax people at a rate commensurate with the benefits they receive from government.