Relevant:
— infra (@infraa_) October 21, 2023
"If a country issues debt denominated only in its own currency (which is true of the US), then fiscal dominance arithmetic requires one to focus on only one equation (“transversality condition”), the violation of which forces inflation to rise. Here, the condition…
And both Zooney and “C” the BS totally deserve it
https://twitter.com/bennyjohnson/status/1903976488321368539