The Us is an outlier in this regard. Other countries have had major inflation and currency collapse. It's why predictions of 'US debt collapse' never come true although it is a real risk elsewhere.
If the US is an outlier.... then it's fine for the US to continue down this path?
Like in this supposed age of a US government spending crisis the dollar is extremely strong compared to other currencies. Where is the hyperinflation? How many decades will we need to wait?
Exactly. There was a time when the British pound was the world's reserve currency (coinciding of course with British global hegemony). Fast-forward to today and the UK's GDP per capita[1] is lower than the poorest US state's[2].
Japan has been at it for several decades. The US seems to have a debt of 120% of GDP, and Japan of 250% of GDP, so I guess you're still good for a few decades more?
