True but the cost of getting it wrong is the American economy so let’s not get t... | Hacker News

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blackflame7000 on Sept 21, 2019 | parent | context | favorite | on: Trillion-dollar coin

True but the cost of getting it wrong is the American economy so let’s not get too clever for our own good like the mortgage crisis.

Wowfunhappy on Sept 21, 2019 | [–]

And the cost of the US defaulting on its debt would be...?

blackflame7000 on Sept 21, 2019 | | [–]

Probably something along the lines of the end of the soviet union followed by China taking over as the world reserve currency.

jsnider3 on Sept 22, 2019 | | | [–]

Global Financial Crisis Part Two

mc32 on Sept 21, 2019 | [–]

They’d probably ex-post make it legal.

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