I recently saw some videos where some guys say that USA can just print more notes to pay its debt because its debt is in US Dollar while other countries can’t, but isn’t it impossible because it would degrade the value of US dollar because that’s the reason countries don’t print unlimited currency notes.
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It is true that the US can print more money to pay its debt, but it would not be a wise decision. Doing so would cause inflation, which would reduce the value of the US dollar and make it more difficult for the US to pay its debt. This would also lead to higher interest rates, which would make it more difficult for the US to borrow money in the future. Inflation also reduces the purchasing power of the US dollar, meaning that people would need more money to buy the same goods and services. In the end, printing more money would be a short-term solution with long-term consequences.
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