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Ay-Nawn  ·  3118 days ago  ·  link  ·    ·  parent  ·  post: How WWII reveals the the actual limits of deficit spending

    The upside is if you have sovereign debt accounted in your currency, you print all the currency you need and poof you're out of debt.

Ahh, just so I understand correctly: the premise is your currency's inherent value is backed (in someway) by debt owed? That's meta as hell if I'm reading this all right.