Other countries have experienced it. So failure to sell your debt in a bond auction, what does that look like? You just put out your bonds and The advantage the U.S. has over any other country is we are the world's reserve currency. So we can print dollars so we can get by that moment. Except for you're printing dollars and inflation's pretty easy to define. It's too many dollars chasing too few goods. (18:37–18:42)
CLAIM
Asserts that the U.S. benefits from being the world's reserve currency.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
