You should read more MMT modern monetary theory. The US can never default πŸ˜‰ The book β€œthe deficit myth” by Stephanie Kelton is a great start πŸ˜‰πŸ˜‚

https://www.goodreads.com/book/show/45731395

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Technically true. But what matters is not the name put on something, but its real effects:

While not technical defaults, what do you make of:

1933: Executive Order 6102 and the1934 devaluation of dollar

1965: Elimination of silver from many coins

1970: All silver removed from coins

1971: De-pegged dollar from gold (triggered the oil price shock)

2008 onwards: Financial repression via regulation and QE