this post was submitted on 29 Nov 2025
413 points (98.6% liked)
Technology
77200 readers
2432 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Only works until you find yourself in the same debt spiral that royally fucked Rome, Spain, and plenty of others.
Printing money causes inflation, debasing the currency. You have to raise interest rates to slow down borrowing. But now, we can’t raise interest rates because the debt is too massive… raising would cause mass defaults. Not raising means the bubbles keep growing and the value of the currency collapsing.
You could run a tight budget, but that’ll never happen. The left will win on taxing the rich for social programs, but taxing the rich won’t be enough == more printing. The right will win on tax cuts for the rich, which == more printing. Anyone outside this paradigm won’t get public support.
You could purposefully debase the currency as well. Transfer wealth into other assets and then legislatively increase the value of those assets before finally tethering USD to those. Like with stablecoin or gold, maybe both.
You could do what Japan did and let inflation run its course. That’s also political suicide.