The Importance of Printing Your Own Currency

Jim Hamilton is defending his recent work calling into question the sustainability of the US debt load. Brad DeLong takes a first shot at Hamilton’s post here. I take issue with this paragraph: Whether a country is able to borrow in its own currency is completely irrelevant for the above calculation. Yes, it means the [...] View the full post at: The Importance of Printing Your Own Currency Related posts: Where are the Value Points for the Currency Market? Where is the U.S. Currency? Continued Greenback Weakness May Prompt an Asian-Based Currency