“And who in their right mind would base their business decisions on getting money from someone who’s in 22 trillion dollars’ debt?”
Apparently thousands of companies do... cause that someone with the huge debt also has a printing press.
And not just companies, but millions of individuals who own treasuries think they’ll get the interest and principal that the government owes them.
Well I guess our GDP is a huge number and heck, Japan is at 200 percent debt to GDP.
But it all just seems like a house of cards to me sometimes.