Few topics are less conducive to rational debate than the national debt. One of the most divisive questions is whether a country can get into trouble issuing debt in a currency it controls. Surely, a nation would face bigger problems if it borrows in foreign currencies or gold
than if it only promises to repay in script it can print itself. But how much of an advantage is it to control the borrowing currency?
The issue is gaining in importance as the U.S. is poised to more than double to $1 trillion the amount of debt it issues this year to pay for a ballooning budget deficit.
In the extreme, some people imagine that the U.S. could simply print lots of $1,000 bills
to pay Treas…
Read the full article at: https://www.bloomberg.com/view/articles/2018-04-02/inflation-could-help-ease-the-u-s-s-debt-burden