"There is no chance that budget deficits will force the US government to default on its debt—no matter how high interest rates and deficits might go. However, high interest rates as well as other spending can increase the inflation danger."
levyinstitute.org
Is the US Running Out of Time as the Rest of the World Runs Out of the Dollar? – Levy Economics Institute of Bard College
Global trust in the US and its almighty dollar seems to be in question, with some nations scrambling to create alternative payment systems to compete with it. Some believe it...more