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This modern theory is far from commonly accepted.

One comment is that printing itself out of debt may be possible for country that is a global reserve currency, but only as long as it is a global reserve currency. This status changes over time.

If Japan were to print, investors would demand more interest for government and private debt. That's known as a spread or risk premium and it is usually applied to corporate bonds vs. government bonds, but it can also be used to analyze various government bonds. Consider the spread between Eurozone bonds, even if that is not quite the same because they can't just print money.

Printing money reduces faith in the currency. Some countries have enough faith in their currency that they can print a little. But no country has a sufficient "reservoir of faith" to do so indefinitely.

This modern theory is far from commonly accepted.

One comment is that printing itself out of debt may be possible for country that is a global reserve currency, but only as long as it is a global reserve currency. This status changes over time.

If Japan were to print, investors would demand more interest for government and private debt. That's known as a spread or risk premium and it is usually applied to corporate bonds vs. government bonds, but it can also be used to analyze various government bonds. Consider the spread between Eurozone bonds.

Printing money reduces faith in the currency. Some countries have enough faith in their currency that they can print a little. But no country has a sufficient "reservoir of faith" to do so indefinitely.

This modern theory is far from commonly accepted.

One comment is that printing itself out of debt may be possible for country that is a global reserve currency, but only as long as it is a global reserve currency. This status changes over time.

If Japan were to print, investors would demand more interest for government and private debt. That's known as a spread or risk premium and it is usually applied to corporate bonds vs. government bonds, but it can also be used to analyze various government bonds. Consider the spread between Eurozone bonds, even if that is not quite the same because they can't just print money.

Printing money reduces faith in the currency. Some countries have enough faith in their currency that they can print a little. But no country has a sufficient "reservoir of faith" to do so indefinitely.

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source | link

This modern theory is far from commonly accepted.

One comment is that printing itself out of debt may be possible for country that is a global reserve currency, but only as long as it is a global reserve currency. This status changes over time.

If Japan were to print, investors would demand more interest for government and private debt. That's known as a spread or risk premium and it is usually applied to corporate bonds vs. government bonds, but it can also be used to analyze various government bonds. Consider the spread between Eurozone bonds.

Printing money reduces faith in the currency. Some countries have enough faith in their currency that they can print a little. But no country has a sufficient "reservoir of faith" to do so indefinitely.