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Economics Explained

Should The US Default On Its Debt To Save Its Economy?

15 min • 7 september 2023

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It might sound absurd, but some economists are talking about the possibility of the US defaulting on its debts, closing off to global trade and using its own domestic industries and energy production to save its economy, which currently is tipping further and further into unsustainable national debt (Fitch just downgraded the US credit rating from AAA to AA+).

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